3i Group plc (III) Given New GBX 780 Price Target at Canaccord Genuity
3i Group plc (LON:III) had its target price upped by Canaccord Genuity from GBX 720 ($9.40) to GBX 780 ($10.18) in a research note published on Tuesday morning. The firm currently has a buy rating on the stock.
III has been the subject of several other research reports. Barclays PLC lowered their price objective on shares of 3i Group plc from GBX 610 ($7.96) to GBX 595 ($7.77) and set an overweight rating for the company in a research report on Thursday, June 30th. Citigroup Inc. restated a neutral rating and issued a GBX 640 ($8.35) price objective on shares of 3i Group plc in a research report on Wednesday, August 3rd. Finally, Societe Generale restated a buy rating and issued a GBX 730 ($9.53) price objective (up previously from GBX 700 ($9.14)) on shares of 3i Group plc in a research report on Monday, August 1st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of GBX 592.83 ($7.74).
3i Group plc (LON:III) traded up 0.15% on Tuesday, reaching GBX 671.00. 954,157 shares of the company’s stock traded hands. The stock’s 50 day moving average is GBX 5.50 and its 200 day moving average is GBX 4.84. The firm’s market cap is GBX 6.42 billion. 3i Group plc has a 52-week low of GBX 389.10 and a 52-week high of GBX 674.50.
In other 3i Group plc news, insider Wilson,Julia sold 54,340 shares of the firm’s stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of GBX 621 ($8.11), for a total value of £337,451.40 ($440,479.57).
About 3i Group plc
3i Group plc is a United Kingdom-based investment manager focused on mid-market private equity, infrastructure and debt management. The Company invests in northern Europe and North America markets. The Company provides investment to private equities in various sectors, such as consumer, industrial and business services.
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