3i Group (LON:III) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

3i Group (LON:III)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,708.33 ($49.27) and traded as high as GBX 4,246 ($56.41). 3i Group shares last traded at GBX 4,227.15 ($56.16), with a volume of 2,212,853 shares changing hands.

Wall Street Analysts Forecast Growth

III has been the topic of several research reports. JPMorgan Chase & Co. reiterated a “top pick” rating on shares of 3i Group in a report on Tuesday, January 7th. Citigroup reaffirmed a “buy” rating and set a GBX 4,850 ($64.43) target price on shares of 3i Group in a report on Tuesday, April 15th.

3i Group Trading Up 0.4 %

The firm has a market cap of £41.02 billion, a price-to-earnings ratio of 10.72, a P/E/G ratio of -0.35 and a beta of 1.01. The firm’s 50-day moving average is GBX 3,858.99 and its 200-day moving average is GBX 3,715.06. The company has a current ratio of 3.25, a quick ratio of 0.09 and a debt-to-equity ratio of 6.20.

About 3i Group

3i is an investment company with two complementary businesses, Private Equity and Infrastructure.

We focus on opportunities where our sector and investment expertise, combined with our international presence and strong capital position, can create material value for our stakeholders.