3i Group (LON:III) Stock Price Down 17.4% on Analyst Downgrade

3i Group (LON:III)’s stock price dropped 17.4% during mid-day 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 3,295 and last traded at GBX 3,360. Approximately 7,001,480 shares traded hands during trading, an increase of 31% from the average daily volume of 5,335,145 shares. The stock had previously closed at GBX 4,069.

Other equities analysts have also issued reports about the company. 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 price objective on shares of 3i Group in a report on Friday. Finally, UBS Group restated a “buy” rating and issued a GBX 4,700 target price on shares of 3i Group in a research note on Friday, November 7th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 4,600.

Insider Buying and Selling

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

3i Group Stock Down 1.3%

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 business’s 50-day moving average is GBX 4,144.45 and its 200-day moving average is GBX 4,128.63. 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 issued its quarterly earnings data on Thursday, November 13th. The company reported GBX 340.20 earnings per share for the quarter. 3i Group had a net margin of 96.45% and a return on equity of 19.97%. On average, equities analysts predict that 3i Group will post 622.7106227 EPS for the current year.

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.