3i Group (LON:III) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of 3i Group (LON:IIIGet Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,056.63 ($54.18) and traded as high as GBX 4,425 ($59.09). 3i Group shares last traded at GBX 4,328 ($57.80), with a volume of 963,769 shares trading hands.

Analyst Ratings Changes

III has been the topic of a number of research reports. JPMorgan Chase & Co. reissued an “overweight” rating on shares of 3i Group in a research note on Friday, July 25th. Deutsche Bank Aktiengesellschaft raised their target price on shares of 3i Group from GBX 4,500 to GBX 4,600 and gave the company a “buy” rating in a research note on Thursday, September 25th. Finally, UBS Group raised shares of 3i Group to a “buy” rating and raised their price target for the company from GBX 4,450 to GBX 4,700 in a report on Thursday, October 2nd. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 4,716.67.

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3i Group Price Performance

The company’s fifty day moving average price is GBX 4,038.48 and its 200 day moving average price is GBX 4,056.63. The company has a debt-to-equity ratio of 6.20, a quick ratio of 0.09 and a current ratio of 3.25. The firm has a market capitalization of £42.65 billion, a price-to-earnings ratio of 831.35, a price-to-earnings-growth ratio of -0.35 and a beta of 1.01.

3i Group Company Profile

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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.

Further Reading

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