3i Group (LON:III) Lowered to Underperform Rating by Royal Bank Of Canada

Royal Bank Of Canada lowered shares of 3i Group (LON:III) to an underperform rating in a research note issued to investors on Monday, Marketbeat Ratings reports. Royal Bank Of Canada currently has GBX 3,000 target price on the stock, down from their prior target price of GBX 3,250.

III has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft decreased 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 note on Monday, January 12th. UBS Group restated a “buy” rating and issued a GBX 4,000 target price on shares of 3i Group in a report on Friday, January 16th. Citigroup reiterated a “buy” rating and set a GBX 4,800 price target on shares of 3i Group in a report on Friday, November 14th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of 3i Group in a research report on Monday, November 17th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 4,000.

3i Group Stock Down 4.7%

Shares of LON III opened at GBX 3,129 on Monday. The firm’s 50-day moving average is GBX 3,202.79 and its two-hundred day moving average is GBX 3,796.81. The company has a market capitalization of £30.87 billion, a PE ratio of 4.82, a price-to-earnings-growth ratio of -0.35 and a beta of 1.01. 3i Group has a 12-month low of GBX 2,957 and a 12-month high of GBX 4,497. 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%. Equities analysts anticipate that 3i Group will post 622.7106227 EPS for the current fiscal year.

Insider Activity at 3i Group

In related news, insider Simon Borrows acquired 30,000 shares of the company’s stock in a transaction dated Thursday, November 13th. The stock was bought at an average price of GBX 3,367 per share, with a total value of £1,010,100. Also, insider Jasi Halai bought 7,655 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was bought at an average cost of GBX 3,392 per share, for a total transaction of £259,657.60. In the last quarter, insiders purchased 81,677 shares of company stock worth $277,535,494. 2.15% of the stock is owned by 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.