3i Group (LON:III) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

3i Group (LON:III) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,003.10 ($39.30) and traded as high as GBX 3,294 ($43.11). 3i Group shares last traded at GBX 3,216 ($42.09), with a volume of 791,147 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Morgan Stanley lowered 3i Group to an “equal weight” rating and decreased their price target for the stock from GBX 3,246 ($42.48) to GBX 3,192 ($41.77) in a research report on Wednesday, July 3rd. Citigroup restated a “buy” rating and set a GBX 3,800 ($49.73) target price on shares of 3i Group in a report on Monday, July 15th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of 3i Group in a report on Friday, June 28th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 3,148 ($41.20).

3i Group Stock Down 0.3 %

The firm’s 50-day moving average is GBX 3,164.44 and its two-hundred day moving average is GBX 3,006.30. The company has a debt-to-equity ratio of 6.20, a quick ratio of 0.09 and a current ratio of 3.23. The stock has a market cap of £31.31 billion, a P/E ratio of 817.88, a PEG ratio of -0.35 and a beta of 1.01.

Insider Transactions at 3i Group

In other news, insider Peter McKellar purchased 542 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were acquired at an average price of GBX 3,113 ($40.74) per share, for a total transaction of £16,872.46 ($22,081.48). Insiders bought a total of 551 shares of company stock worth $1,716,495 over the last 90 days. 3.04% of the stock is owned by insiders.

3i Group Company Profile

3i Group plc is a private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins. The firm also provides infrastructure financing and debt management. For debt management, it invests in senior and mezzanine corporate debt in typically large and private companies in United Kingdom, Europe, Asia, and North America.