3i Group (LON:III) had its target price upped by Morgan Stanley from GBX 852 ($10.48) to GBX 940 ($11.57) in a report issued on Thursday morning, ThisIsMoney.Co.Uk reports. They currently have an equal weight rating on the stock.
A number of other equities research analysts also recently weighed in on III. Citigroup reiterated a hold rating and set a GBX 974 ($11.99) price target on shares of 3i Group in a research note on Friday, June 12th. Barclays boosted their target price on shares of 3i Group from GBX 1,015 ($12.49) to GBX 1,120 ($13.78) and gave the company an overweight rating in a research note on Monday, June 29th.
III opened at GBX 825.20 ($10.16) on Thursday. 3i Group has a fifty-two week low of GBX 8.15 ($0.10) and a fifty-two week high of GBX 1,189 ($14.63). The company has a debt-to-equity ratio of 7.27, a current ratio of 9.18 and a quick ratio of 8.51. The business’s fifty day simple moving average is GBX 1,056.52. The firm has a market capitalization of $7.35 billion and a P/E ratio of 6.46.
3i Group (LON:III) last posted its quarterly earnings results on Thursday, May 14th. The company reported GBX 22.10 ($0.27) earnings per share for the quarter, topping the Zacks’ consensus estimate of GBX (75.50) (($0.93)) by GBX 97.60 ($1.20).
The company also recently announced a dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, June 11th will be paid a GBX 17.50 ($0.22) dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a dividend yield of 2.28%. 3i Group’s dividend payout ratio is presently 0.27%.
3i Group Company Profile
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.
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