3i Group (LON:III) Shares Up 11.5% – Still a Buy?

3i Group (LON:III) rose 11.5% on Thursday . The company traded as high as GBX 2,539 and last traded at GBX 2,534. Approximately 4,439,055 shares were traded during mid-day trading, a decline of 83% from the average session volume of 25,437,234 shares. The stock had previously closed at GBX 2,273.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 4,300 price objective on shares of 3i Group in a report on Friday, May 15th. Citigroup lowered their target price on 3i Group from GBX 4,750 to GBX 4,280 and set a “buy” rating for the company in a research note on Wednesday, March 25th. Finally, UBS Group reissued a “buy” rating and issued a GBX 3,600 price target on shares of 3i Group in a research note on Monday, May 11th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 3,795.

3i Group Price Performance

The company has a fifty day simple moving average of GBX 2,400.87 and a two-hundred day simple moving average of GBX 2,852.05. The company has a debt-to-equity ratio of 4.08, a quick ratio of 0.09 and a current ratio of 131.80. The stock has a market capitalization of £25.70 billion, a price-to-earnings ratio of 4.70, a PEG ratio of -0.35 and a beta of 1.18.

3i Group (LON:III) last issued its quarterly earnings results on Thursday, May 14th. The company reported GBX 539.40 earnings per share (EPS) for the quarter. The company had revenue of GBX 549.60 billion for the quarter. 3i Group had a return on equity of 17.91% and a net margin of 1,236.92%. As a group, equities research analysts expect that 3i Group will post 622.7106227 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jasi Halai bought 471 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average price of GBX 2,175 per share, for a total transaction of £10,244.25. Also, insider James Hatchley acquired 10,000 shares of the stock in a transaction on Thursday, May 14th. The shares were acquired at an average price of GBX 2,083 per share, for a total transaction of £208,300. In the last ninety days, insiders acquired 64,835 shares of company stock worth $142,641,889. Company insiders own 2.09% of the company’s stock.

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.