3i Group (LON:III) Sets New 12-Month Low – Time to Sell?

3i Group (LON:III) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 3,200 and last traded at GBX 3,265, with a volume of 69328500 shares changing hands. The stock had previously closed at GBX 3,297.

Analyst Ratings Changes

A number of brokerages have commented on III. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of 3i Group in a report on Monday, November 17th. Citigroup reaffirmed a “buy” rating and set a GBX 4,800 target price on shares of 3i Group in a research report on Friday, November 14th. UBS Group reissued a “buy” rating and issued a GBX 4,700 price target on shares of 3i Group in a report on Friday, November 7th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on 3i Group from GBX 4,600 to GBX 4,300 and set a “buy” rating for the company in a research note on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, 3i Group presently has an average rating of “Buy” and an average price target of GBX 4,600.

3i Group Stock Performance

The firm’s fifty day moving average price is GBX 4,087.59 and its 200-day moving average price is GBX 4,095.56. The company has a current ratio of 3.25, a quick ratio of 0.09 and a debt-to-equity ratio of 6.20. The company has a market cap of £32.20 billion, a P/E ratio of 6.28, a P/E/G ratio of -0.35 and a beta of 1.01.

3i Group (LON:III) last announced its quarterly earnings results on Thursday, November 13th. The company reported GBX 340.20 EPS for the quarter. 3i Group had a return on equity of 19.97% and a net margin of 96.45%. As a group, research analysts forecast that 3i Group will post 622.7106227 EPS for the current fiscal year.

Insider Buying and Selling at 3i Group

In related news, insider Peter McKellar bought 25,000 shares of 3i Group stock in a transaction on Friday, November 14th. The shares were purchased at an average price of GBX 3,446 per share, for a total transaction of £861,500. Also, insider Simon Borrows acquired 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was acquired at an average price of GBX 3,367 per share, with a total value of £1,010,100. In the last three months, insiders acquired 81,662 shares of company stock valued at $277,490,407. 2.14% of the stock is currently owned by corporate insiders.

About 3i Group

3i is an investment company specialising in Private Equity and Infrastructure. We invest in mid-market companies headquartered in Europe and North America.

We generate attractive returns for our shareholders and co-investors by investing in private equity and infrastructure assets.

As proprietary capital investors we have a long-term, responsible approach.

We aim to compound value through thoughtful origination, disciplined investment and active management of our assets, driving sustainable growth in our investment companies.