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

Shares of 3i Group (LON:III) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,048.75 ($39.58) and traded as high as GBX 3,309 ($42.96). 3i Group shares last traded at GBX 3,281 ($42.60), with a volume of 948,371 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have weighed in on III. Morgan Stanley lowered shares of 3i Group to an “equal weight” rating and cut their target price for the stock from GBX 3,246 ($42.14) to GBX 3,192 ($41.44) in a research report on Wednesday, July 3rd. Citigroup restated a “buy” rating and issued a GBX 3,800 ($49.34) price objective on shares of 3i Group in a research note on Monday, July 15th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of 3i Group in a research note on Friday, June 28th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,148 ($40.87).

3i Group Trading Down 0.1 %

The company has a 50 day moving average of GBX 3,237.96 and a 200 day moving average of GBX 3,055.31. The firm has a market cap of £31.61 billion, a price-to-earnings ratio of 825.69, a price-to-earnings-growth ratio of -0.35 and a beta of 1.01. The company has a current ratio of 3.23, a quick ratio of 0.09 and a debt-to-equity ratio of 6.20.

Insider Activity

In other news, insider Peter McKellar purchased 542 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was purchased at an average cost of GBX 3,113 ($40.42) per share, with a total value of £16,872.46 ($21,906.60). In the last quarter, insiders have bought 551 shares of company stock worth $1,716,495. Corporate insiders own 3.02% of the company’s stock.

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.