3i Group (LON:III) Trading Down 17.8% – Here’s What Happened

3i Group (LON:III) shares traded down 17.8% during mid-day trading on Thursday . The stock traded as low as GBX 3,288 and last traded at GBX 3,346. 51,461,531 shares traded hands during trading, an increase of 830% from the average session volume of 5,536,321 shares. The stock had previously closed at GBX 4,069.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. reissued an “overweight” rating on shares of 3i Group in a research report on Friday, July 25th. Citigroup raised their price objective on shares of 3i Group from GBX 5,000 to GBX 5,150 and gave the company a “buy” rating in a research report on Thursday, October 30th. UBS Group reiterated a “buy” rating and set a GBX 4,700 target price on shares of 3i Group in a research report on Friday, November 7th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of 3i Group from GBX 4,500 to GBX 4,600 and gave the company a “buy” rating in a report on Thursday, September 25th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 4,816.67.

3i Group Price Performance

The company 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 stock has a market capitalization of £33.14 billion, a PE ratio of 6.46, 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.