3i Group (OTCMKTS:TGOPY) Shares Gap Up – Should You Buy?

3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY) gapped up prior to trading on Thursday . The stock had previously closed at $10.40, but opened at $10.98. 3i Group shares last traded at $10.97, with a volume of 23,955 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Kepler Capital Markets cut shares of 3i Group from a “hold” rating to a “strong sell” rating in a research note on Friday, November 14th. UBS Group upgraded 3i Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 2nd. Finally, Citigroup reaffirmed a “buy” rating on shares of 3i Group in a research note on Friday, November 14th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

3i Group Trading Up 1.3%

The stock has a 50-day moving average of $10.92 and a 200 day moving average of $15.87.

3i Group Company Profile

3i Group plc is a London‑based international investment manager that specializes in private equity, infrastructure and debt investments. The company deploys capital both from its own balance sheet and through managed funds on behalf of institutional investors, targeting mid‑market buyouts, growth capital and core infrastructure assets. Its private equity activity typically focuses on acquiring, developing and exiting businesses through active ownership and operational improvement, while its infrastructure arm invests in long‑life assets that generate steady cash flows.

3i manages a portfolio of companies across a range of industry sectors, including business and financial services, industrials, consumer and healthcare, and technology.