3i Group (LON:III) Sets New 12-Month Low – What’s Next?

3i Group (LON:III) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 2,584 and last traded at GBX 2,666, with a volume of 156685938 shares. The stock had previously closed at GBX 2,701.

Wall Street Analysts Forecast Growth

Several brokerages have commented on III. Citigroup dropped their target price on shares of 3i Group from GBX 4,750 to GBX 4,280 and set a “buy” rating on the stock in a report on Wednesday. UBS Group reissued a “buy” rating and set a GBX 4,000 price objective on shares of 3i Group in a research report on Wednesday. Royal Bank Of Canada lowered shares of 3i Group to an “underperform” rating and dropped their price objective for the stock from GBX 3,250 to GBX 3,000 in a report on Monday, January 26th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of 3i Group from GBX 4,300 to GBX 4,200 and set a “buy” rating on the stock in a research report on Monday, January 12th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, 3i Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,870.

3i Group Stock Performance

The stock has a fifty day moving average of GBX 3,177.57 and a 200-day moving average of GBX 3,522.11. The firm has a market capitalization of £28.30 billion, a P/E ratio of 4.28, a P/E/G ratio of -0.35 and a beta of 1.02. The company has a quick ratio of 0.09, a current ratio of 5.32 and a debt-to-equity ratio of 4.59.

Insiders Place Their Bets

In other 3i Group news, insider Simon Borrows purchased 30,000 shares of the firm’s stock in a transaction dated Thursday, January 29th. The stock was bought at an average cost of GBX 3,490 per share, with a total value of £1,047,000. Over the last three months, insiders purchased 30,009 shares of company stock worth $104,729,139. Corporate insiders own 2.08% of the company’s stock.

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.