3i Group plc (LON:III) shares rose 1.3% during trading on Monday . The stock traded as high as GBX 947.50 ($12.24) and last traded at GBX 943 ($12.18). Approximately 1,454,219 shares traded hands during mid-day trading, an increase of 212% from the average daily volume of 466,322 shares. The stock had previously closed at GBX 930.50 ($12.02).

III has been the subject of several research reports. J P Morgan Chase & Co reiterated an “overweight” rating on shares of 3i Group plc in a research report on Wednesday, May 31st. Barclays PLC reiterated an “overweight” rating and issued a GBX 980 ($12.66) target price (up previously from GBX 750 ($9.69)) on shares of 3i Group plc in a research report on Thursday, June 1st. Morgan Stanley lowered 3i Group plc to an “equal weight” rating and lifted their target price for the stock from GBX 823 ($10.63) to GBX 940 ($12.14) in a research report on Tuesday, June 13th. Canaccord Genuity boosted their price objective on 3i Group plc from GBX 875 ($11.30) to GBX 975 ($12.59) and gave the company a “buy” rating in a research report on Thursday, May 25th. Finally, Macquarie boosted their price objective on 3i Group plc from GBX 742 ($9.58) to GBX 825 ($10.65) and gave the company a “neutral” rating in a research report on Tuesday, June 13th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 919.17 ($11.87).

The firm’s market cap is GBX 9.07 billion. The firm’s 50 day moving average is GBX 5.44 and its 200 day moving average is GBX 4.94.

In related news, insider Julia Wilson sold 60,747 shares of the stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of GBX 908 ($11.73), for a total transaction of £551,582.76 ($712,363.12).

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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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