Shares of 3i Group plc (LON:III) have received a consensus recommendation of “Buy” from the six brokerages that are presently covering the company. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 592.83 ($7.23).

A number of brokerages have commented on III. Canaccord Genuity raised their price objective on 3i Group plc from GBX 720 ($8.78) to GBX 780 ($9.51) and gave the stock a “buy” rating in a research report on Tuesday, October 4th. Societe Generale reaffirmed a “buy” rating and set a GBX 730 ($8.90) price target (up from GBX 700 ($8.53)) on shares of 3i Group plc in a research note on Monday, August 1st. Barclays PLC reaffirmed an “overweight” rating and set a GBX 700 ($8.53) price target on shares of 3i Group plc in a research note on Thursday, July 28th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a GBX 640 ($7.80) price target on shares of 3i Group plc in a research note on Wednesday, August 3rd.

In related news, insider Wilson,Julia sold 54,340 shares of the firm’s stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of GBX 621 ($7.57), for a total value of £337,451.40 ($411,275.32).

3i Group plc (LON:III) traded up 0.08% during trading on Tuesday, hitting GBX 650.50. The stock had a trading volume of 1,732,700 shares. 3i Group plc has a 52 week low of GBX 389.10 and a 52 week high of GBX 679.50. The firm’s market cap is GBX 6.22 billion. The company’s 50-day moving average is GBX 5.49 and its 200 day moving average is GBX 4.90.

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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