3i Group (LON:III) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

3i Group (LON:III) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,636.88 and traded as high as GBX 2,677. 3i Group shares last traded at GBX 2,631, with a volume of 1,351,906 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 3,527 target price on shares of 3i Group in a report on Friday, June 26th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, 3i Group has an average rating of “Moderate Buy” and an average price target of GBX 3,601.75.

3i Group Price Performance

The company has a current ratio of 131.80, a quick ratio of 0.09 and a debt-to-equity ratio of 4.08. The business has a fifty day simple moving average of GBX 2,762.05 and a 200 day simple moving average of GBX 2,632.33. The stock has a market capitalization of £27.18 billion, a P/E ratio of 4.95, a price-to-earnings-growth ratio of -0.35 and a beta of 1.63.

Insider Activity at 3i Group

In related news, insider Coline McConville acquired 624 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were acquired at an average cost of GBX 2,920 per share, for a total transaction of £18,220.80. Also, insider Hemant Patel acquired 624 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were bought at an average price of GBX 2,920 per share, for a total transaction of £18,220.80. Insiders have bought 5,677 shares of company stock valued at $16,576,840 over the last 90 days. Corporate insiders own 2.17% of the company’s stock.

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.