3i Group (LON:III) Stock Price Down 13.4% – Here’s What Happened

3i Group (LON:III)’s share price fell 13.4% on Thursday . The stock traded as low as GBX 3,514 and last traded at GBX 3,522. 48,002,988 shares were traded during mid-day trading, an increase of 770% from the average session volume of 5,520,672 shares. The stock had previously closed at GBX 4,069.

Analysts Set New Price Targets

Several analysts have weighed in on the company. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of 3i Group in a research report on Friday, July 25th. Citigroup increased their price target on shares of 3i Group from GBX 5,000 to GBX 5,150 and gave the company a “buy” rating in a research report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of 3i Group from GBX 4,500 to GBX 4,600 and gave the company a “buy” rating in a research report on Thursday, September 25th. Finally, UBS Group reiterated a “buy” rating and set a GBX 4,700 target price on shares of 3i Group in a report on Friday, November 7th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 4,816.67.

3i Group Stock Performance

The company’s 50-day moving average price is GBX 4,167.48 and its 200 day moving average price is GBX 4,140.55. The stock has a market capitalization of £34.29 billion, a PE ratio of 6.68, a PEG ratio of -0.35 and a beta of 1.01. The company has a debt-to-equity ratio of 6.20, a quick ratio of 0.09 and a current ratio of 3.25.

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.