3i Group plc (LON:III)’s share price rose 1.3% on Monday . The company traded as high as GBX 947.50 ($12.24) and last traded at GBX 943 ($12.18). Approximately 1,454,219 shares were traded during trading, an increase of 212% from the average daily volume of 466,322 shares. The stock had previously closed at GBX 930.50 ($12.02).
III has been the subject of a number of research analyst reports. J P Morgan Chase & Co restated an “overweight” rating on shares of 3i Group plc in a research report on Wednesday, May 31st. Barclays PLC reaffirmed an “overweight” rating and set a GBX 980 ($12.66) target price (up previously from GBX 750 ($9.69)) on shares of 3i Group plc in a report on Thursday, June 1st. Morgan Stanley lowered shares of 3i Group plc to an “equal weight” rating and upped their target price for the stock from GBX 823 ($10.63) to GBX 940 ($12.14) in a report on Tuesday, June 13th. Canaccord Genuity upped their target price on shares of 3i Group plc from GBX 875 ($11.30) to GBX 975 ($12.59) and gave the stock a “buy” rating in a report on Thursday, May 25th. Finally, Macquarie upped their target price on shares of 3i Group plc from GBX 742 ($9.58) to GBX 825 ($10.65) and gave the stock a “neutral” rating in a report on Tuesday, June 13th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of GBX 919.17 ($11.87).
The firm’s market capitalization is GBX 9.00 billion. The stock has a 50 day moving average price of GBX 5.44 and a 200-day moving average price of GBX 4.94.
In other news, insider Julia Wilson sold 54,307 shares of 3i Group plc stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of GBX 928 ($11.99), for a total transaction of £503,968.96 ($650,870.41).
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3i Group plc Company Profile
3i Group plc is an investment company with approximately three complementary businesses, Private Equity, Infrastructure and Debt Management, specializing in core investment markets in northern Europe and North America. The Company’s Private Equity business includes investment and asset management to generate capital returns, and is focused on consumer, industrial and business services sectors.
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