3i Group (OTCMKTS:TGOPY) Shares Gap Up – Here’s What Happened

3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY) gapped up prior to trading on Thursday . The stock had previously closed at $10.96, but opened at $12.05. 3i Group shares last traded at $11.81, with a volume of 388,783 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have commented on TGOPY. Citigroup restated a “buy” rating on shares of 3i Group in a research note on Friday, November 14th. Kepler Capital Markets lowered 3i Group from a “hold” rating to a “strong sell” rating in a report on Friday, November 14th. UBS Group upgraded 3i Group from a “hold” rating to a “buy” rating in a report on Thursday, October 2nd. Finally, Royal Bank Of Canada lowered shares of 3i Group from a “hold” rating to a “strong sell” rating in a research report on Monday. Three investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, 3i Group presently has an average rating of “Hold”.

3i Group Trading Up 8.9%

The stock’s 50-day simple moving average is $10.74 and its two-hundred day simple moving average is $14.79.

About 3i Group

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.