3i Group (OTCMKTS:TGOPY) Shares Gap Down – Here’s What Happened

3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY) shares gapped down prior to trading on Thursday . The stock had previously closed at $13.48, but opened at $11.20. 3i Group shares last traded at $11.1320, with a volume of 42,908 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TGOPY shares. UBS Group upgraded 3i Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 2nd. Citigroup reiterated a “buy” rating on shares of 3i Group in a research report on Friday. Sanford C. Bernstein initiated coverage on 3i Group in a report on Thursday, September 18th. They issued an “outperform” rating for the company. Finally, Kepler Capital Markets lowered 3i Group from a “hold” rating to a “strong sell” rating in a report on Friday. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, 3i Group currently has a consensus rating of “Moderate Buy”.

3i Group Trading Up 1.0%

The stock’s fifty day simple moving average is $14.04 and its two-hundred day simple moving average is $21.35.

About 3i Group

3i Group plc is a private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins. The firm also provides infrastructure financing and debt management. For debt management, it invests in senior and mezzanine corporate debt in typically large and private companies in United Kingdom, Europe, Asia, and North America.