Jonathan Asquith Buys 26,000 Shares of 3i Group plc (III) Stock
3i Group plc (LON:III) insider Jonathan Asquith purchased 26,000 shares of the company’s stock in a transaction dated Friday, November 11th. The shares were acquired at an average price of GBX 617 ($7.64) per share, for a total transaction of £160,420 ($198,711.76).
3i Group plc (LON:III) opened at 613.50 on Monday. The firm has a 50-day moving average price of GBX 5.47 and a 200-day moving average price of GBX 4.93. 3i Group plc has a one year low of GBX 389.10 and a one year high of GBX 679.50. The firm’s market capitalization is GBX 5.87 billion.
The business also recently declared a dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Thursday, December 8th will be given a GBX 8 ($0.10) dividend. This represents a yield of 1.32%. The ex-dividend date is Thursday, December 8th.
III has been the topic of a number of research analyst reports. Barclays PLC restated an “overweight” rating and set a GBX 595 ($7.37) price target on shares of 3i Group plc in a research note on Thursday, July 21st. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 710 ($8.79) target price on shares of 3i Group plc in a report on Wednesday, July 27th. Societe Generale reaffirmed 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 report on Monday, August 1st. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a GBX 640 ($7.93) target price on shares of 3i Group plc in a report on Wednesday, August 3rd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of GBX 601.17 ($7.45).
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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