3i Group (OTCMKTS:TGOPY) Shares Gap Up – Time to Buy?

3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $10.87, but opened at $11.28. 3i Group shares last traded at $10.8475, with a volume of 37,439 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Kepler Capital Markets cut 3i Group from a “hold” rating to a “strong sell” rating in a report on Friday, November 14th. Citigroup reiterated a “buy” rating on shares of 3i Group in a research report on Friday, November 14th. UBS Group upgraded shares of 3i Group from a “hold” rating to a “buy” rating in a report on Thursday, October 2nd. Finally, Sanford C. Bernstein began coverage on shares of 3i Group in a research report on Thursday, September 18th. They issued an “outperform” rating for the company. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, 3i Group currently has an average rating of “Moderate Buy”.

3i Group Stock Performance

The business has a 50 day moving average of $12.28 and a 200-day moving average of $17.92.

About 3i Group

3i Group plc is a London‑based international investment manager that specializes in private equity, infrastructure and debt investments. The company deploys capital both from its own balance sheet and through managed funds on behalf of institutional investors, targeting mid‑market buyouts, growth capital and core infrastructure assets. Its private equity activity typically focuses on acquiring, developing and exiting businesses through active ownership and operational improvement, while its infrastructure arm invests in long‑life assets that generate steady cash flows.

3i manages a portfolio of companies across a range of industry sectors, including business and financial services, industrials, consumer and healthcare, and technology.