3i Group plc (III) Price Target Raised to GBX 795 at Societe Generale
3i Group plc (LON:III) had its target price raised by Societe Generale from GBX 730 ($9.12) to GBX 795 ($9.93) in a research report report published on Wednesday morning. Societe Generale currently has a buy rating on the stock.
Several other research firms also recently issued reports on III. Barclays PLC reaffirmed an overweight rating and issued a GBX 700 ($8.75) price objective on shares of 3i Group plc in a research note on Wednesday, October 26th. Canaccord Genuity reaffirmed a buy rating and issued a GBX 780 ($9.75) price objective on shares of 3i Group plc in a research note on Thursday, October 27th. Citigroup Inc. reaffirmed a neutral rating and issued a GBX 640 ($8.00) price objective on shares of 3i Group plc in a research note on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating on shares of 3i Group plc in a research note on Monday, November 14th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. 3i Group plc currently has a consensus rating of Buy and an average target price of GBX 613.67 ($7.67).
Shares of 3i Group plc (LON:III) traded up 0.98% during mid-day trading on Wednesday, reaching GBX 672.00. 990,288 shares of the company’s stock traded hands. 3i Group plc has a 12 month low of GBX 3.86 and a 12 month high of GBX 680.50. The company’s market cap is GBX 6.46 billion. The company has a 50 day moving average of GBX 5.44 and a 200 day moving average of GBX 4.94.
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. This represents a dividend yield of 1.32%. The ex-dividend date is Thursday, December 8th.
In other news, insider Jonathan Asquith bought 26,000 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The shares were bought at an average cost of GBX 617 ($7.71) per share, for a total transaction of £160,420 ($200,424.79). Also, insider Kevin Dunn sold 11,867 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of GBX 643 ($8.03), for a total value of £76,304.81 ($95,333.35).
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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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