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

3i Group (LON:III)’s share price fell 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 traded 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.

A number of other equities analysts have also weighed in on III. Citigroup reissued a “buy” rating and set a GBX 4,800 price objective 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 research note on Friday, November 7th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of 3i Group in a report on Friday, July 25th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 4,600.

Insider Transactions at 3i Group

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

3i Group Trading Down 1.3%

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 business has a 50-day simple moving average of GBX 4,144.45 and a 200-day simple moving average of GBX 4,128.63. 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.

3i Group (LON:III) last issued its quarterly earnings data 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, analysts predict that 3i Group will post 622.7106227 EPS for the current fiscal year.

About 3i Group

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.