JPMorgan Chase & Co. Reiterates Overweight Rating for 3i Group plc (III)
3i Group plc (LON:III)‘s stock had its “overweight” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a research note issued on Monday.
A number of other equities analysts have also commented on the stock. Canaccord Genuity lifted their price target on shares of 3i Group plc from GBX 720 ($9.00) to GBX 780 ($9.75) and gave the stock a “buy” rating in a report on Tuesday, October 4th. Citigroup Inc. reiterated a “neutral” rating on shares of 3i Group plc in a report on Monday. Barclays PLC reiterated an “overweight” rating and set a GBX 750 ($9.37) price target on shares of 3i Group plc in a report on Friday, November 11th. Finally, Societe Generale reiterated a “buy” rating and set a GBX 730 ($9.12) price target on shares of 3i Group plc in a report on Monday, November 7th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 602.83 ($7.53).
3i Group plc (LON:III) opened at 621.50 on Monday. 3i Group plc has a 12-month low of GBX 389.10 and a 12-month high of GBX 679.50. The firm’s 50-day moving average price is GBX 5.47 and its 200-day moving average price is GBX 4.93. The company’s market cap is GBX 5.97 billion.
The company 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%.
In other news, insider Jonathan Asquith bought 26,000 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The shares were acquired at an average price of GBX 617 ($7.71) per share, for a total transaction 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.
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