3i Group (LON:III) Sets New 52-Week Low – What’s Next?

3i Group (LON:III) shares hit a new 52-week low on Saturday . The stock traded as low as GBX 330.40 and last traded at GBX 3,317.28, with a volume of 550380313 shares trading hands. The stock had previously closed at GBX 3,360.

Analyst Ratings Changes

A number of brokerages have recently issued reports on III. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of 3i Group in a research report on Friday, July 25th. Deutsche Bank Aktiengesellschaft reduced their target price on 3i Group from GBX 4,600 to GBX 4,300 and set a “buy” rating on the stock in a research report on Thursday. Citigroup reissued a “buy” rating and issued a GBX 4,800 price target on shares of 3i Group in a report on Friday. Finally, UBS Group restated a “buy” rating and set a GBX 4,700 price objective on shares of 3i Group in a report on Friday, November 7th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, 3i Group currently has a consensus rating of “Buy” and a consensus price target of GBX 4,600.

3i Group Trading Down 1.3%

The stock has a 50-day moving average of GBX 4,144.45 and a 200 day moving average of GBX 4,129.08. The company has a quick ratio of 0.09, a current ratio of 3.25 and a debt-to-equity ratio of 6.20. The stock has a market cap of £32.69 billion, a PE ratio of 6.37, a price-to-earnings-growth ratio of -0.35 and a beta of 1.01.

3i Group (LON:III) last issued its earnings results 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 anticipate that 3i Group will post 622.7106227 earnings per share for the current year.

Insider Buying and Selling at 3i Group

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