3i Group (LON:III) Price Target Cut to GBX 4,280 by Analysts at Citigroup

3i Group (LON:III) had its target price trimmed by Citigroup from GBX 4,750 to GBX 4,280 in a research note released on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the stock. Royal Bank Of Canada downgraded shares of 3i Group to an “underperform” rating and decreased their target price for the company from GBX 3,250 to GBX 3,000 in a research report on Monday, January 26th. Deutsche Bank Aktiengesellschaft cut their price target on shares of 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. Finally, UBS Group restated a “buy” rating and set a GBX 4,000 price objective on shares of 3i Group in a research note on Wednesday. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,870.

3i Group Price Performance

LON III opened at GBX 2,780 on Wednesday. The company has a quick ratio of 0.09, a current ratio of 5.32 and a debt-to-equity ratio of 4.59. 3i Group has a 12-month low of GBX 2,584 and a 12-month high of GBX 4,497. The company has a market capitalization of £28.30 billion, a PE ratio of 4.28, a price-to-earnings-growth ratio of -0.35 and a beta of 1.02. The firm’s 50 day moving average is GBX 3,177.57 and its 200-day moving average is GBX 3,522.11.

Insider Activity at 3i Group

In related news, insider Simon Borrows acquired 30,000 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was bought at an average price of GBX 3,490 per share, with a total value of £1,047,000. Over the last three months, insiders purchased 30,009 shares of company stock valued at $104,729,139. Corporate insiders own 2.08% 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.