3i Group plc (III) Given Overweight Rating at Barclays PLC
3i Group plc (LON:III)‘s stock had its “overweight” rating restated by equities researchers at Barclays PLC in a research report issued on Friday. They presently have a GBX 750 ($9.29) price target on the stock. Barclays PLC’s target price points to a potential upside of 24.07% from the company’s current price.
A number of other equities analysts have also recently issued reports on the stock. Canaccord Genuity lifted their target price on shares of 3i Group plc from GBX 720 ($8.92) to GBX 780 ($9.66) and gave the stock a “buy” rating in a research report on Tuesday, October 4th. Societe Generale restated a “buy” rating and set a GBX 730 ($9.04) target price (up previously from GBX 700 ($8.67)) on shares of 3i Group plc in a research report on Monday, August 1st. Finally, Citigroup Inc. restated a “neutral” rating and set a GBX 640 ($7.93) target price on shares of 3i Group plc in a research report on Wednesday, August 3rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. 3i Group plc currently has an average rating of “Buy” and an average target price of GBX 601.17 ($7.45).
Shares of 3i Group plc (LON:III) opened at 604.50 on Friday. The firm’s 50-day moving average is GBX 5.47 and its 200-day moving average is GBX 4.93. 3i Group plc has a 12-month low of GBX 3.86 and a 12-month high of GBX 668.50. The firm’s market capitalization is GBX 5.78 billion.
The business also recently announced a dividend, which will be paid on Wednesday, January 4th. Investors of record on Thursday, December 8th will be issued a GBX 8 ($0.10) dividend. The ex-dividend date is Thursday, December 8th. This represents a yield of 1.32%.
About 3i Group plc
3i Group plc is an investment company with approximately three complementary businesses, Private Equity, Infrastructure and Debt Management, specializing in core investment markets in northern Europe and North America. The Company’s Private Equity business includes investment and asset management to generate capital returns, and is focused on consumer, industrial and business services sectors.
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