3i Group (LON:III) Stock Price Down 17.4% After Analyst Downgrade

3i Group (LON:III)’s stock price was 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. Approximately 7,001,480 shares were traded during mid-day trading, an increase of 31% from the average daily volume of 5,335,145 shares. The stock had previously closed at GBX 4,069.

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

Insiders Place Their Bets

In related news, insider Simon Borrows acquired 30,000 shares of the stock in a transaction on Thursday, November 13th. The stock was bought at an average cost 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 on Friday, November 14th. The stock was bought at an average price of GBX 3,345 per share, for a total transaction of £133,800. In the last 90 days, insiders have purchased 34,007 shares of company stock valued at $114,419,647. 2.14% of the stock is owned by company insiders.

3i Group Price Performance

The company has a market cap 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. The company has a quick ratio of 0.09, a current ratio of 3.25 and a debt-to-equity ratio of 6.20. The firm has a 50 day simple moving average of GBX 4,144.45 and a 200-day simple moving average of GBX 4,128.63.

3i Group (LON:III) last issued its quarterly earnings data on Thursday, November 13th. The company reported GBX 340.20 earnings per share (EPS) for the quarter. 3i Group had a net margin of 96.45% and a return on equity of 19.97%. As a group, research analysts predict that 3i Group will post 622.7106227 earnings per share 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.