3i Group (OTCMKTS:TGOPY) Hits New 1-Year Low – Here’s Why

3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $10.66 and last traded at $10.6950, with a volume of 704951 shares traded. The stock had previously closed at $10.97.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Kepler Capital Markets cut 3i Group from a “hold” rating to a “strong sell” rating in a research note on Friday, November 14th. UBS Group upgraded 3i Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 2nd. Citigroup reiterated a “buy” rating on shares of 3i Group in a research report on Friday, November 14th. Finally, Sanford C. Bernstein initiated coverage on shares of 3i Group in a report on Thursday, September 18th. They issued an “outperform” rating for the company. Three research 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, 3i Group has an average rating of “Moderate Buy”.

3i Group Trading Down 3.1%

The firm has a 50-day moving average of $13.90 and a 200-day moving average of $20.93.

About 3i Group

3i Group plc is a private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins. The firm also provides infrastructure financing and debt management. For debt management, it invests in senior and mezzanine corporate debt in typically large and private companies in United Kingdom, Europe, Asia, and North America.