3i Group (LON:III) Shares Down 13.4% – Should You Sell?

3i Group (LON:III)’s stock price dropped 13.4% on Thursday . The company traded as low as GBX 3,514 and last traded at GBX 3,522. Approximately 48,002,988 shares changed hands during trading, an increase of 770% from the average daily volume of 5,520,672 shares. The stock had previously closed at GBX 4,069.

Analyst Upgrades and Downgrades

A number of analysts recently commented on III shares. Deutsche Bank Aktiengesellschaft upped their price target 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. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of 3i Group in a research report on Friday, July 25th. UBS Group reissued a “buy” rating and set a GBX 4,700 price objective on shares of 3i Group in a report on Friday, November 7th. Finally, Citigroup lifted their target price 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. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 4,816.67.

3i Group Price Performance

The firm has a market capitalization of £34.29 billion, a PE ratio of 6.68, a P/E/G ratio of -0.35 and a beta of 1.01. The company has a debt-to-equity ratio of 6.20, a current ratio of 3.25 and a quick ratio of 0.09. The business’s 50 day moving average is GBX 4,167.48 and its two-hundred day moving average is 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.