3i Group (LON:III) Shares Break Above 200 Day Moving Average – What’s Next?

3i Group (LON:III – Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 2,600.22 and traded as high as GBX 2,698. 3i Group shares last traded at GBX 2,624, with a volume of 163,832,141 shares changing hands.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 3,527 price objective on shares of 3i Group in a research report on Friday, June 26th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, 3i Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,601.75.

Get Our Latest Stock Report on 3i Group

3i Group Trading Up 0.4%

The business has a 50 day moving average of GBX 2,770.66 and a two-hundred day moving average of GBX 2,597.20. The company has a debt-to-equity ratio of 4.08, a quick ratio of 0.09 and a current ratio of 131.80. The firm has a market capitalization of £26.03 billion, a price-to-earnings ratio of 4.74, a P/E/G ratio of -0.35 and a beta of 1.63.

Insider Activity at 3i Group

In other 3i Group news, insider Coline McConville acquired 624 shares of the stock in a transaction on Monday, August 3rd. The shares were purchased at an average price of GBX 2,920 per share, for a total transaction of £18,220.80. Also, insider Peter McKellar acquired 624 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was acquired at an average cost of GBX 2,920 per share, for a total transaction of £18,220.80. Insiders acquired 5,677 shares of company stock valued at $16,576,840 over the last three months. 2.17% of the stock is currently owned by company insiders.

3i Group Company Profile

(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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