3i Group (LON:III) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

3i Group (LON:III) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,727.65 and traded as high as GBX 2,816. 3i Group shares last traded at GBX 2,742, with a volume of 2,692,257 shares trading hands.

Wall Street Analyst Weigh In

Several research firms recently commented on III. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 3,527 price objective on shares of 3i Group in a report on Friday, June 26th. UBS Group restated a “buy” rating and set a GBX 3,600 target price on shares of 3i Group in a research report on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 3,601.75.

3i Group Trading Down 1.2%

The stock has a market cap of £27.86 billion, a P/E ratio of 5.16, a P/E/G ratio of -0.35 and a beta of 1.63. The company has a debt-to-equity ratio of 4.08, a quick ratio of 0.09 and a current ratio of 131.80. The stock has a 50-day moving average price of GBX 2,557.72 and a 200-day moving average price of GBX 2,724.42.

3i Group (LON:III) last posted its quarterly earnings data on Thursday, May 14th. The company reported GBX 539.40 earnings per share for the quarter. 3i Group had a net margin of 1,236.92% and a return on equity of 17.91%. The firm had revenue of GBX 549.60 billion for the quarter. On average, equities research analysts expect that 3i Group will post 622.7106227 EPS for the current year.

Insider Activity at 3i Group

In other news, insider David Hutchison bought 3,181 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was acquired at an average price of GBX 2,920 per share, with a total value of £92,885.20. Also, insider Coline McConville purchased 624 shares of 3i Group stock in a transaction on Monday, August 3rd. The shares were acquired at an average price of GBX 2,920 per share, for a total transaction of £18,220.80. Insiders bought a total of 60,442 shares of company stock worth $138,208,689 in the last quarter. 2.14% of the stock is owned by company insiders.

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.