3i Group (LON:III) Shares Down 11.3% on Analyst Downgrade

3i Group (LON:III)’s stock price was down 11.3% during trading on Thursday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from GBX 4,600 to GBX 4,300. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. 3i Group traded as low as GBX 3,592.42 and last traded at GBX 3,608. Approximately 47,420,590 shares were traded during mid-day trading, an increase of 759% from the average daily volume of 5,518,037 shares. The stock had previously closed at GBX 4,069.

Several other research firms have also weighed in on III. JPMorgan Chase & Co. reissued an “overweight” rating on shares of 3i Group in a research report on Friday, July 25th. UBS Group reiterated a “buy” rating and issued a GBX 4,700 target price on shares of 3i Group in a report on Friday, November 7th. Finally, Citigroup reiterated a “buy” rating and issued a GBX 4,800 price objective on shares of 3i Group in a research note on Friday. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 4,600.

Insiders Place Their Bets

In other 3i Group news, insider Simon Borrows bought 30,000 shares of the stock in a transaction on Thursday, November 13th. The shares were purchased at an average cost of GBX 3,367 per share, with a total value of £1,010,100. Also, insider Peter McKellar bought 4,000 shares of the business’s stock in a transaction on Friday, November 14th. The shares were bought at an average price of GBX 3,345 per share, for a total transaction of £133,800. Insiders have bought a total of 34,007 shares of company stock worth $114,419,647 in the last 90 days. 2.14% of the stock is owned by insiders.

3i Group Stock Down 1.3%

The firm has a 50-day moving average of GBX 4,144.45 and a two-hundred day moving average of GBX 4,129.08. The firm has a market cap of £32.69 billion, a price-to-earnings ratio of 6.37, a PEG ratio of -0.35 and a beta of 1.01. The company has a current ratio of 3.25, a quick ratio of 0.09 and a debt-to-equity ratio of 6.20.

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

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.