3i Group (LON:III) Stock Price Down 17.4% – Time to Sell?

3i Group (LON:III)’s stock price was down 17.4% during trading on Thursday . The stock traded as low as GBX 3,295 and last traded at GBX 3,360. Approximately 6,893,145 shares changed hands during mid-day trading, an increase of 29% from the average daily volume of 5,334,654 shares. The stock had previously closed at GBX 4,069.

Analyst Ratings Changes

A number of brokerages recently commented on III. Citigroup increased their price target on 3i Group from GBX 5,000 to GBX 5,150 and gave the company a “buy” rating in a report on Thursday, October 30th. UBS Group reiterated a “buy” rating and set a GBX 4,700 target price on shares of 3i Group in a research note on Friday, November 7th. JPMorgan Chase & Co. restated an “overweight” rating on shares of 3i Group in a research note on Friday, July 25th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of 3i Group from GBX 4,500 to GBX 4,600 and gave the company a “buy” rating in a research note on Thursday, September 25th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 4,816.67.

3i Group Stock Down 17.4%

The company has a debt-to-equity ratio of 6.20, a quick ratio of 0.09 and a current ratio of 3.25. The stock has a market cap of £33.11 billion, a P/E ratio of 6.45, a P/E/G ratio of -0.35 and a beta of 1.01. The firm has a 50 day simple moving average of GBX 4,167.48 and a two-hundred day simple moving average of GBX 4,140.55.

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.