3i Group plc (III) Price Target Raised to GBX 790 at Canaccord Genuity
3i Group plc (LON:III) had its price objective boosted by Canaccord Genuity from GBX 780 ($9.75) to GBX 790 ($9.87) in a report released on Tuesday. The brokerage currently has a buy rating on the stock.
Other equities research analysts also recently issued reports about the stock. Citigroup Inc. restated a neutral rating on shares of 3i Group plc in a research note on Monday. Barclays PLC restated an overweight rating and issued a GBX 750 ($9.37) target price on shares of 3i Group plc in a research note on Friday, November 11th. Societe Generale restated a buy rating and issued a GBX 730 ($9.12) target price on shares of 3i Group plc in a research note on Monday, November 7th. Finally, JPMorgan Chase & Co. restated an overweight rating on shares of 3i Group plc in a research note on Monday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of GBX 602.83 ($7.53).
3i Group plc (LON:III) traded up 1.37% during trading on Tuesday, reaching GBX 630.00. The company had a trading volume of 2,797,726 shares. The stock has a 50 day moving average of GBX 5.47 and a 200-day moving average of GBX 4.93. 3i Group plc has a 12-month low of GBX 389.10 and a 12-month high of GBX 679.50. The stock’s market capitalization is GBX 6.05 billion.
The company also recently disclosed a dividend, which will be paid on Wednesday, January 4th. Shareholders 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%.
In other news, insider Jonathan Asquith acquired 26,000 shares of the business’s stock in a transaction on Friday, November 11th. The stock was bought at an average price of GBX 617 ($7.71) per share, with a total value of £160,420 ($200,424.79).
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.
Receive News & Stock Ratings for 3i Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 3i Group plc and related stocks with our FREE daily email newsletter.