3i Group (LON:III) Stock Price Down 16.1% on Analyst Downgrade

3i Group (LON:III) was down 16.1% during mid-day trading on Thursday after Citigroup lowered their price target on the stock from GBX 4,750 to GBX 4,280. Citigroup currently has a buy rating on the stock. 3i Group traded as low as GBX 2,318 and last traded at GBX 2,343. Approximately 33,405,574 shares traded hands during trading, an increase of 28% from the average daily volume of 26,145,854 shares. The stock had previously closed at GBX 2,792.

III has been the topic of several other reports. UBS Group restated a “buy” rating and set a GBX 4,000 target price on shares of 3i Group in a report on Wednesday. Royal Bank Of Canada cut 3i Group to an “underperform” rating and cut their price target for the company from GBX 3,250 to GBX 3,000 in a report on Monday, January 26th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on 3i Group from GBX 4,300 to GBX 4,200 and set a “buy” rating on the stock in a research report on Monday, January 12th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 3,870.

Insider Activity at 3i Group

In other 3i Group news, insider Simon Borrows acquired 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were purchased at an average cost of GBX 3,490 per share, for a total transaction of £1,047,000. Over the last 90 days, insiders have purchased 30,009 shares of company stock worth $104,729,139. 2.08% of the stock is currently owned by insiders.

3i Group Price Performance

The company has a quick ratio of 0.09, a current ratio of 5.32 and a debt-to-equity ratio of 4.59. The company has a market cap of £23.71 billion, a price-to-earnings ratio of 3.59, a PEG ratio of -0.35 and a beta of 1.02. The stock’s 50-day simple moving average is GBX 3,160.37 and its 200 day simple moving average is GBX 3,513.83.

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.