Deutsche Bank Aktiengesellschaft Cuts 3i Group (LON:III) Price Target to GBX 4,200

3i Group (LON:III) had its target price dropped by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 4,300 to GBX 4,200 in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 34.31% from the stock’s current price.

Several other research firms have also recently weighed in on III. UBS Group reissued a “buy” rating and issued a GBX 4,700 price objective on shares of 3i Group in a research report on Friday, November 7th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of 3i Group in a research note on Monday, November 17th. Finally, Citigroup reissued a “buy” rating and issued a GBX 4,800 price target on shares of 3i Group in a report on Friday, November 14th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 4,566.67.

3i Group Stock Performance

III stock traded down GBX 13.86 during mid-day trading on Monday, reaching GBX 3,127. 2,500,645 shares of the stock traded hands, compared to its average volume of 20,301,316. The firm has a market capitalization of £30.85 billion, a PE ratio of 4.82, a P/E/G ratio of -0.35 and a beta of 1.01. The business has a 50-day moving average of GBX 3,381.33 and a two-hundred day moving average of GBX 3,868.63. 3i Group has a 52 week low of GBX 2,957 and a 52 week high of GBX 4,497. The company has a quick ratio of 0.09, a current ratio of 3.25 and a debt-to-equity ratio of 6.20.

3i Group (LON:III) last posted its quarterly earnings data on Thursday, November 13th. The company reported GBX 340.20 earnings per share for the quarter. 3i Group had a return on equity of 19.97% and a net margin of 96.45%. As a group, equities analysts predict that 3i Group will post 622.7106227 EPS for the current fiscal year.

Insider Buying and Selling at 3i Group

In other 3i Group news, insider Simon Borrows bought 30,000 shares of the stock in a transaction that occurred on Thursday, November 13th. The shares were acquired at an average price of GBX 3,367 per share, with a total value of £1,010,100. Also, insider James Hatchley purchased 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was acquired at an average cost of GBX 3,397 per share, with a total value of £509,550. Over the last quarter, insiders bought 81,677 shares of company stock worth $277,535,494. Corporate insiders own 2.15% 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.