3i Group (OTCMKTS:TGOPY) Shares Gap Up – What’s Next?

3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY) gapped up prior to trading on Thursday. The stock had previously closed at $8.49, but opened at $8.80. 3i Group shares last traded at $8.82, with a volume of 113,043 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank reaffirmed a “buy” rating on shares of 3i Group in a research note on Friday, August 28th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, 3i Group presently has a consensus rating of “Hold”.

3i Group Stock Up 5.2%

The stock has a 50 day moving average of $8.49 and a 200 day moving average of $9.07.

3i Group Company Profile

3i Group plc is a British investment company focused on private equity and infrastructure. It invests in businesses and assets, working with portfolio companies on their development and growth. The company traces its origins to 1945, when it was established as the Industrial and Commercial Finance Corporation to provide financing to smaller businesses in the United Kingdom. It later expanded into a broader investment group. 3i’s private equity activities focus mainly on companies in Europe and North America, while its infrastructure investments are concentrated primarily in Europe.