3i Group plc (III) Given Consensus Recommendation of “Buy” by Analysts
Shares of 3i Group plc (LON:III) have received an average rating of “Buy” from the seven analysts that are covering the firm. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 595.40 ($7.44).
III has been the subject of a number of analyst reports. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 710 ($8.87) price objective on shares of 3i Group plc in a research note on Wednesday, July 27th. Societe Generale reaffirmed a “buy” rating and set a GBX 730 ($9.12) price objective on shares of 3i Group plc in a research note on Monday, November 7th. Citigroup Inc. reaffirmed a “neutral” rating and set a GBX 640 ($8.00) price objective on shares of 3i Group plc in a research note on Wednesday, August 3rd. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of 3i Group plc in a research note on Monday, November 14th. Finally, Barclays PLC reissued 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.
3i Group plc (LON:III) traded up 1.24% during midday trading on Tuesday, hitting GBX 655.50. The stock had a trading volume of 2,076,944 shares. 3i Group plc has a 52 week low of GBX 3.86 and a 52 week high of GBX 657.50. The stock has a 50-day moving average of GBX 5.44 and a 200-day moving average of GBX 4.94. The firm’s market cap is GBX 6.30 billion.
The firm also recently announced a dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Thursday, December 8th will be paid a GBX 8 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, December 8th. This represents a yield of 1.32%.
In other news, insider Jonathan Asquith acquired 26,000 shares of 3i Group plc stock in a transaction dated Friday, November 11th. The stock was bought at an average cost 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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