3i Group plc (III) Stock Rating Reaffirmed by Citigroup Inc.
3i Group plc (LON:III)‘s stock had its “neutral” rating restated by investment analysts at Citigroup Inc. in a research note issued to investors on Monday.
Other equities analysts have also issued reports about the company. Canaccord Genuity reiterated a “buy” rating and issued a GBX 710 ($8.87) target price on shares of 3i Group plc in a research note on Wednesday, July 27th. Societe Generale reiterated a “buy” rating and issued a GBX 730 ($9.12) target price (up from GBX 700 ($8.75)) on shares of 3i Group plc in a research note on Monday, August 1st. Finally, Barclays PLC reiterated 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of GBX 602.83 ($7.53).
3i Group plc (LON:III) opened at 621.50 on Monday. The company’s market cap is GBX 5.97 billion. 3i Group plc has a 52 week low of GBX 389.10 and a 52 week high of GBX 679.50. The stock has a 50 day moving average of GBX 5.47 and a 200 day moving average of GBX 4.93.
The company also recently declared a dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Thursday, December 8th will be given a dividend of GBX 8 ($0.10) per share. This represents a yield of 1.32%. The ex-dividend date of this dividend is Thursday, December 8th.
In other news, insider Jonathan Asquith purchased 26,000 shares of the stock in a transaction on Friday, November 11th. The stock was purchased at an average price of GBX 617 ($7.71) per share, with a total value of £160,420 ($200,424.79).
3i Group plc Company Profile
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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