3i Group (LON:III) Hits New 12-Month Low – What’s Next?

Shares of 3i Group (LON:III) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 3,164 and last traded at GBX 3,169, with a volume of 13281009 shares changing hands. The stock had previously closed at GBX 3,196.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on III shares. JPMorgan Chase & Co. restated an “overweight” rating on shares of 3i Group in a research note on Monday, November 17th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of 3i Group from GBX 4,600 to GBX 4,300 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Citigroup reaffirmed a “buy” rating and set a GBX 4,800 price objective on shares of 3i Group in a research report on Friday, November 14th. Finally, UBS Group reiterated a “buy” rating and set a GBX 4,700 price objective on shares of 3i Group in a research note on Friday, November 7th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 4,600.

3i Group Stock Performance

The stock has a fifty day moving average price of GBX 4,024.44 and a two-hundred day moving average price of GBX 4,062.07. The company has a market cap of £31.12 billion, a P/E ratio of 6.07, a PEG ratio of -0.35 and a beta of 1.01. The company has a debt-to-equity ratio of 6.20, a current ratio of 3.25 and a quick ratio of 0.09.

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

Insider Activity at 3i Group

In other news, insider Peter McKellar bought 25,000 shares of the business’s stock in a transaction on Friday, November 14th. The stock was purchased at an average cost of GBX 3,446 per share, for a total transaction of £861,500. Also, insider James Hatchley purchased 15,000 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were purchased at an average cost of GBX 3,397 per share, with a total value of £509,550. Over the last three months, insiders have acquired 81,658 shares of company stock valued at $277,474,095. Insiders own 2.14% of the company’s stock.

3i Group Company Profile

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.