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

3i Group (LON:III) traded down 17.4% 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 were traded 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 research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of 3i Group in a research report on Friday, July 25th. Citigroup reaffirmed a “buy” rating and set a GBX 4,800 price target on shares of 3i Group in a research report on Friday. Finally, UBS Group reiterated a “buy” rating and issued a GBX 4,700 price objective on shares of 3i Group in a research note on Friday, November 7th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, 3i Group presently has a consensus rating of “Buy” and a consensus price target of GBX 4,600.

Insiders Place Their Bets

In related news, insider Peter McKellar purchased 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was acquired at an average price of GBX 3,345 per share, with a total value of £133,800. Also, insider Simon Borrows acquired 30,000 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The shares were purchased at an average cost of GBX 3,367 per share, with a total value of £1,010,100. Insiders purchased 34,007 shares of company stock worth $114,419,647 in the last 90 days. 2.14% of the stock is owned by company insiders.

3i Group Price Performance

The business’s 50 day moving average is GBX 4,144.45 and its 200-day moving average is GBX 4,128.63. The firm has a market capitalization of £32.69 billion, a P/E ratio of 6.37, a PEG 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 released 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%. As a group, sell-side 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.