3i Group’s (III) Overweight Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their overweight rating on shares of 3i Group (LON:III) in a research note released on Monday, Marketbeat reports.

A number of other brokerages have also weighed in on III. Deutsche Bank Aktiengesellschaft cut their target price on shares of 3i Group from GBX 4,600 to GBX 4,300 and set a “buy” rating for the company in a research report on Thursday, November 13th. UBS Group reaffirmed a “buy” rating and issued a GBX 4,700 price objective on shares of 3i Group in a report on Friday, November 7th. Finally, Citigroup reissued a “buy” rating and set a GBX 4,800 target price on shares of 3i Group in a report on Friday, November 14th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 4,600.

3i Group Stock Performance

Shares of III stock opened at GBX 3,306.10 on Monday. 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 firm has a market cap of £32.58 billion, a price-to-earnings ratio of 6.35, a P/E/G ratio of -0.35 and a beta of 1.01. 3i Group has a 52 week low of GBX 3,242 and a 52 week high of GBX 4,497. The firm’s 50-day simple moving average is GBX 4,109.53 and its two-hundred day simple moving average is GBX 4,109.50.

3i Group (LON:III) last issued its quarterly earnings results on Thursday, November 13th. The company reported GBX 340.20 earnings per share (EPS) for the quarter. 3i Group had a net margin of 96.45% and a return on equity of 19.97%. As a group, equities analysts forecast that 3i Group will post 622.7106227 earnings per share for the current year.

Insider Buying and Selling

In other news, insider James Hatchley bought 15,000 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were purchased at an average price of GBX 3,397 per share, for a total transaction of £509,550. Also, insider Peter McKellar purchased 25,000 shares of the business’s stock in a transaction on Friday, November 14th. The stock was purchased at an average cost of GBX 3,446 per share, for a total transaction of £861,500. Insiders have acquired 81,662 shares of company stock valued at $277,490,407 in the last 90 days. 2.14% of the stock is owned by insiders.

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.