3i Group (LON:III) Shares Down 17.4% on Analyst Downgrade

Shares of 3i Group (LON:III) traded down 17.4% during trading on Thursday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from GBX 4,600 to GBX 4,300. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. 3i Group traded as low as GBX 3,295 and last traded at GBX 3,360. 7,001,480 shares changed 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.

Other equities research analysts have also issued reports about the company. UBS Group restated a “buy” rating and issued a GBX 4,700 price objective on shares of 3i Group in a research note on Friday, November 7th. Citigroup reissued a “buy” rating and set a GBX 4,800 price target on shares of 3i Group in a report on Friday. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of 3i Group in a research note on Friday, July 25th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 4,600.

Insider Activity

In other news, insider Peter McKellar bought 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were bought at an average cost of GBX 3,345 per share, for a total transaction of £133,800. Also, insider Simon Borrows bought 30,000 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were acquired at an average cost of GBX 3,367 per share, for a total transaction of £1,010,100. Insiders bought 34,007 shares of company stock worth $114,419,647 over the last ninety days. Insiders own 2.14% of the company’s stock.

3i Group Trading Down 1.3%

The stock’s 50-day moving average price is GBX 4,144.45 and its 200 day moving average price is GBX 4,128.63. 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 firm has a market capitalization of £32.69 billion, a PE ratio of 6.37, a price-to-earnings-growth ratio of -0.35 and a beta of 1.01.

3i Group (LON:III) last issued its earnings results on Thursday, November 13th. The company reported GBX 340.20 earnings per share for the quarter. 3i Group had a return on equity of 19.97% and a net margin of 96.45%. On average, sell-side analysts expect that 3i Group will post 622.7106227 EPS for the current fiscal year.

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.