3i Group (LON:III) Trading Down 16.9% After Analyst Downgrade

3i Group (LON:III)’s share price traded down 16.9% 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 3,373 and last traded at GBX 3,380.97. 49,668,250 shares changed hands during mid-day trading, an increase of 798% from the average session volume of 5,528,207 shares. The stock had previously closed at GBX 4,069.

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

Insider Buying and Selling at 3i Group

In other 3i Group news, insider Simon Borrows bought 30,000 shares of the stock in a transaction on Thursday, November 13th. The shares were bought at an average price of GBX 3,367 per share, with a total value of £1,010,100. Also, insider Peter McKellar bought 4,000 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were acquired at an average cost of GBX 3,345 per share, with a total value of £133,800. Over the last three months, insiders purchased 34,007 shares of company stock valued at $114,419,647. 2.14% of the stock is owned by corporate insiders.

3i Group Stock Performance

The stock has a 50-day moving average of GBX 4,144.45 and a 200 day moving average of GBX 4,129.08. The stock has a market cap of £32.69 billion, a PE ratio of 6.37, a P/E/G ratio of -0.35 and a beta of 1.01. The company has a quick ratio of 0.09, a current ratio of 3.25 and a debt-to-equity ratio of 6.20.

3i Group (LON:III) last issued its earnings results on Thursday, November 13th. The company reported GBX 340.20 earnings per share (EPS) for the quarter. 3i Group had a return on equity of 19.97% and a net margin of 96.45%. Equities analysts predict 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.