3i Group (LON:III) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of 3i Group (LON:IIIGet Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,708.28 and traded as high as GBX 2,824. 3i Group shares last traded at GBX 2,821, with a volume of 249,520,688 shares.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 3,527 target price on shares of 3i Group in a research report on Friday, June 26th. UBS Group reaffirmed a “buy” rating and issued a GBX 3,600 price target on shares of 3i Group in a research note on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, 3i Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,601.75.

Check Out Our Latest Stock Analysis on III

3i Group Trading Up 3.5%

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 firm has a 50-day moving average price of GBX 2,640.87 and a 200-day moving average price of GBX 2,705.53. The company has a market capitalization of £28.97 billion, a price-to-earnings ratio of 5.37, a PEG ratio of -0.35 and a beta of 1.63.

Insider Buying and Selling at 3i Group

In other 3i Group news, insider David Hutchison purchased 3,181 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were purchased at an average cost of GBX 2,920 per share, for a total transaction of £92,885.20. Also, insider Alexandra Schaapveld purchased 624 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was acquired at an average cost of GBX 2,920 per share, with a total value of £18,220.80. Over the last three months, insiders have purchased 5,677 shares of company stock valued at $16,576,840. Corporate insiders own 2.14% of the company’s stock.

About 3i Group

(Get Free Report)

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.

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