3i Group (LON:III) Stock Price Down 17.4% – Here’s What Happened

3i Group (LON:III)’s stock price fell 17.4% during trading on Thursday . The stock traded as low as GBX 3,295 and last traded at GBX 3,360. 7,001,480 shares changed hands during mid-day trading, an increase of 31% from the average session volume of 5,335,145 shares. The stock had previously closed at GBX 4,069.

Analyst Ratings Changes

A number of brokerages recently commented on III. Citigroup raised their target price on 3i Group from GBX 5,000 to GBX 5,150 and gave the stock a “buy” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of 3i Group in a research note on Friday, July 25th. Deutsche Bank Aktiengesellschaft lifted their price objective on 3i Group from GBX 4,500 to GBX 4,600 and gave the company a “buy” rating in a research report on Thursday, September 25th. Finally, UBS Group reissued a “buy” rating and issued a GBX 4,700 target price on shares of 3i Group in a report on Friday, November 7th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 4,816.67.

3i Group Trading Down 2.6%

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 company has a market capitalization of £32.24 billion, a PE ratio of 6.29, a PEG ratio of -0.35 and a beta of 1.01. The stock has a fifty day moving average of GBX 4,156.52 and a 200 day moving average of GBX 4,135.13.

3i Group (LON:III) last released its quarterly earnings data on Thursday, November 13th. The company reported GBX 340.20 earnings per share (EPS) for the quarter. 3i Group had a net margin of 96.45% and a return on equity of 19.97%. As a group, sell-side analysts predict that 3i Group will post 622.7106227 earnings per share for the current fiscal year.

Insider Buying and Selling at 3i Group

In other 3i Group news, insider Simon Borrows purchased 30,000 shares of 3i Group stock in a transaction that occurred on Thursday, November 13th. The shares were bought at an average price of GBX 3,367 per share, for a total transaction of £1,010,100. Insiders bought a total of 30,007 shares of company stock worth $101,039,647 in the last ninety days. Company insiders own 2.14% of the company’s stock.

About 3i Group

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.