Insider Buying: 3i Group (LON:III) Insider Purchases £259,657.60 in Stock

3i Group (LON:III) insider Jasi Halai acquired 7,655 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was acquired at an average cost of GBX 3,392 per share, with a total value of £259,657.60.

Jasi Halai also recently made the following trade(s):

• On Monday, November 3rd, Jasi Halai purchased 3 shares of 3i Group stock. The stock was bought at an average cost of GBX 4,445 per share, for a total transaction of £133.35.
• On Friday, August 29th, Jasi Halai purchased 4 shares of 3i Group stock. The shares were acquired at an average price of GBX 4,078 per share, for a total transaction of £163.12.

3i Group Trading Up 0.9%

LON III opened at GBX 3,306.10 on Thursday. The stock has a market cap of £32.58 billion, a P/E ratio of 6.35, a price-to-earnings-growth ratio of -0.35 and a beta of 1.01. The stock has a 50 day simple moving average of GBX 4,109.53 and a two-hundred day simple moving average of GBX 4,109.50. 3i Group has a fifty-two week low of GBX 3,242 and a fifty-two week high of GBX 4,497. The company has a debt-to-equity ratio of 6.20, a quick ratio of 0.09 and a current ratio of 3.25.

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%. On average, analysts forecast that 3i Group will post 622.7106227 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. UBS Group reaffirmed a “buy” rating and issued a GBX 4,700 price target on shares of 3i Group in a research note on Friday, November 7th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of 3i Group in a report on Monday. Citigroup restated a “buy” rating and set a GBX 4,800 price objective on shares of 3i Group in a research report on Friday, November 14th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on 3i Group from GBX 4,600 to GBX 4,300 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 4,600.

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.