3i Group plc (III) Price Target Raised to GBX 700 at Societe Generale
3i Group plc (LON:III) had its price target increased by investment analysts at Societe Generale from GBX 650 ($9.41) to GBX 700 ($10.13) in a report issued on Friday. The brokerage presently has a “buy” rating on the stock. Societe Generale’s price objective suggests a potential upside of 28.91% from the company’s previous close.
Several other equities analysts also recently commented on III. Canaccord Genuity increased their price objective on shares of 3i Group plc from GBX 595 ($8.61) to GBX 710 ($10.27) and gave the company a “buy” rating in a research note on Thursday. Barclays restated an “overweight” rating and issued a GBX 610 ($8.83) price target on shares of 3i Group plc in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of GBX 541.17 ($7.83).
In other news, insider Borrows,Simon acquired 500,000 shares of the firm’s stock in a transaction dated Thursday, May 19th. The stock was bought at an average cost of GBX 500 ($7.23) per share, for a total transaction of £2,500,000 ($3,617,421.50).
3i Group plc (LON:III) opened at 550.0000 on Friday. 3i Group plc has a 1-year low of GBX 389.10 and a 1-year high of GBX 571.50. The firm’s market capitalization is GBX 5.26 billion. The stock has a 50 day moving average of GBX 4.31 and a 200-day moving average of GBX 4.18.
The company also recently disclosed a dividend, which will be paid on Friday, July 22nd. Stockholders of record on Thursday, June 16th will be given a dividend of GBX 16 ($0.23) per share. This represents a dividend yield of 3.2%. The ex-dividend date is Thursday, June 16th. This is a boost from 3i Group plc’s previous dividend of $6.00.
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.