Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for 3i Group (LON:III) Stock Price

3i Group (LON:III) had its price objective cut by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 4,600 to GBX 4,300 in a report released on Thursday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 29.62% from the company’s previous close.

Several other equities analysts have also recently issued reports on III. JPMorgan Chase & Co. restated an “overweight” rating on shares of 3i Group in a research note on Friday, July 25th. Citigroup reissued a “buy” rating and set a GBX 4,800 target price on shares of 3i Group in a report on Friday. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 4,700 price target on shares of 3i Group in a report on Friday, November 7th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 4,600.

3i Group Price Performance

III stock traded down GBX 42.72 during trading on Thursday, hitting GBX 3,317.28. The stock had a trading volume of 550,380,313 shares, compared to its average volume of 7,790,422. 3i Group has a 1-year low of GBX 330.40 and a 1-year high of GBX 4,497. The company’s 50 day moving average price is GBX 4,156.52 and its two-hundred day moving average price is GBX 4,135.13. The stock has a market cap of £32.69 billion, a price-to-earnings ratio of 6.37, a price-to-earnings-growth ratio of -0.35 and a beta of 1.01. The company has a debt-to-equity ratio of 6.20, a quick ratio of 0.09 and a current ratio of 3.25.

3i Group (LON:III) last announced 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%. On average, sell-side analysts forecast that 3i Group will post 622.7106227 EPS for the current fiscal year.

Insider Buying and Selling at 3i Group

In other news, insider Peter McKellar purchased 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was purchased at an average cost of GBX 3,345 per share, with a total value of £133,800. Also, insider Simon Borrows purchased 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The shares were acquired at an average price of GBX 3,367 per share, for a total transaction of £1,010,100. Over the last ninety days, insiders purchased 34,007 shares of company stock valued at $114,419,647. 2.14% of the stock is owned by company insiders.

3i Group Company Profile

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.