3i Group (OTCMKTS:TGOPY) Hits New 12-Month High – Here’s Why

3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY) reached a new 52-week high during trading on Friday . The company traded as high as $15.18 and last traded at $15.14, with a volume of 157183 shares changing hands. The stock had previously closed at $14.64.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TGOPY shares. UBS Group raised 3i Group from a “hold” rating to a “buy” rating in a research note on Thursday. Kepler Capital Markets upgraded shares of 3i Group to a “hold” rating in a research report on Tuesday, July 8th. Finally, Sanford C. Bernstein started coverage on shares of 3i Group in a research note on Thursday, September 18th. They set an “outperform” rating on the stock. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, 3i Group currently has a consensus rating of “Moderate Buy”.

3i Group Trading Up 3.6%

The company has a fifty day moving average price of $16.48 and a two-hundred day moving average price of $23.67.

About 3i Group

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.