3i Group plc (LON:III) traded up 0.8% on Monday . The company traded as high as GBX 929 ($12.49) and last traded at GBX 924 ($12.43). 1,377,848 shares changed hands during trading, an increase of 195% from the average session volume of 466,322 shares. The stock had previously closed at GBX 917 ($12.33).

A number of equities research analysts have recently weighed in on the company. Citigroup Inc. raised their price target on 3i Group plc from GBX 980 ($13.18) to GBX 1,000 ($13.45) and gave the stock a “neutral” rating in a research note on Thursday, August 10th. Macquarie raised their price target on 3i Group plc from GBX 742 ($9.98) to GBX 825 ($11.09) and gave the stock a “neutral” rating in a research note on Tuesday, June 13th. Morgan Stanley downgraded 3i Group plc to an “equal weight” rating and raised their price target for the stock from GBX 823 ($11.07) to GBX 940 ($12.64) in a research note on Tuesday, June 13th. Societe Generale reissued a “buy” rating and set a GBX 1,020 ($13.72) price objective on shares of 3i Group plc in a report on Tuesday, September 19th. Finally, Barclays PLC reissued an “overweight” rating and set a GBX 1,000 ($13.45) price objective on shares of 3i Group plc in a report on Tuesday, September 19th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 960 ($12.91).

The company’s 50-day moving average price is GBX 5.44 and its 200 day moving average price is GBX 4.94. The company’s market cap is GBX 8.88 billion.

In related news, insider Julia Wilson sold 54,307 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of GBX 928 ($12.48), for a total transaction of £503,968.96 ($677,742.01).

TRADEMARK VIOLATION WARNING: This report was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another website, it was illegally stolen and reposted in violation of United States and international trademark and copyright laws. The legal version of this report can be read at https://www.thecerbatgem.com/2017/09/25/3i-group-plc-iii-trading-0-8-higher.html.

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.

Receive News & Stock Ratings for 3i Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 3i Group plc and related stocks with our FREE daily email newsletter.