3i Group (LON:III) Shares Down 17.4% – Should You Sell?

3i Group (LON:III) shares fell 17.4% on Thursday . The company traded as low as GBX 3,295 and last traded at GBX 3,360. 7,001,480 shares traded hands during trading, an increase of 31% from the average session volume of 5,335,145 shares. The stock had previously closed at GBX 4,069.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. restated an “overweight” rating on shares of 3i Group in a research note on Friday, July 25th. Deutsche Bank Aktiengesellschaft increased their price objective on 3i Group from GBX 4,500 to GBX 4,600 and gave the stock a “buy” rating in a research note on Thursday, September 25th. UBS Group restated a “buy” rating and set a GBX 4,700 price objective on shares of 3i Group in a report on Friday, November 7th. Finally, Citigroup upped their target price on 3i Group from GBX 5,000 to GBX 5,150 and gave the stock a “buy” rating in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 4,816.67.

3i Group Stock Performance

The business has a 50-day moving average of GBX 4,167.48 and a two-hundred day moving average of GBX 4,140.55. The company has a debt-to-equity ratio of 6.20, a current ratio of 3.25 and a quick ratio of 0.09. The company has a market cap of £33.11 billion, a P/E ratio of 6.45, a P/E/G ratio of -0.35 and a beta of 1.01.

3i Group Company Profile

3i is an investment company specialising in Private Equity and Infrastructure. We invest in mid-market companies headquartered in Europe and North America.

We generate attractive returns for our shareholders and co-investors by investing in private equity and infrastructure assets.

As proprietary capital investors we have a long-term, responsible approach.

We aim to compound value through thoughtful origination, disciplined investment and active management of our assets, driving sustainable growth in our investment companies.