3i Group (LON:III) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

3i Group (LON:IIIGet Free Report)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4,088.79 ($54.81) and traded as high as GBX 4,318 ($57.88). 3i Group shares last traded at GBX 4,269.82 ($57.24), with a volume of 965,061 shares.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on III. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of 3i Group in a research note on Friday, July 25th. UBS Group upgraded shares of 3i Group to a “buy” rating and upped their target price for the company from GBX 4,450 to GBX 4,700 in a research note on Thursday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft upped 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. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 4,716.67.

View Our Latest Stock Report on III

3i Group Trading Up 0.6%

The firm has a market cap of £42.60 billion, a price-to-earnings ratio of 8.30, a price-to-earnings-growth ratio of -0.35 and a beta of 1.01. The business’s 50 day moving average price is GBX 4,065.48 and its 200-day moving average price is GBX 4,088.79. The company has a debt-to-equity ratio of 6.20, a quick ratio of 0.09 and a current ratio of 3.25.

About 3i Group

(Get Free Report)

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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