3i Group plc (III) Trading Up 1%

3i Group plc (LON:III) was up 1% on Tuesday . The stock traded as high as GBX 945.50 ($12.43) and last traded at GBX 945 ($12.42). Approximately 1,294,076 shares were traded during mid-day trading, an increase of 210% from the average daily volume of 417,376 shares. The stock had previously closed at GBX 936 ($12.31).

A number of brokerages recently commented on III. Societe Generale reissued a “buy” rating and issued a GBX 1,020 ($13.41) price target on shares of 3i Group plc in a report on Tuesday, September 19th. Citigroup Inc. increased their price target on 3i Group plc from GBX 980 ($12.88) to GBX 1,000 ($13.15) and gave the company a “neutral” rating in a report on Thursday, August 10th. Macquarie increased their price target on 3i Group plc from GBX 742 ($9.76) to GBX 825 ($10.85) and gave the company a “neutral” rating in a report on Tuesday, June 13th. Morgan Stanley downgraded 3i Group plc to an “equal weight” rating and increased their price target for the company from GBX 823 ($10.82) to GBX 940 ($12.36) in a report on Tuesday, June 13th. Finally, Barclays PLC reissued an “overweight” rating and issued a GBX 1,000 ($13.15) price target on shares of 3i Group plc in a report on Tuesday, September 19th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of GBX 960 ($12.62).

The company’s 50-day moving average price is GBX 5.47 and its 200 day moving average price is GBX 4.93. The firm’s market capitalization is GBX 9.09 billion.

In other news, insider Julia Wilson sold 54,307 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of GBX

A number of brokerages recently commented on III. Societe Generale reissued a “buy” rating and issued a GBX 1,020 ($13.41) price target on shares of 3i Group plc in a report on Tuesday, September 19th. Citigroup Inc. increased their price target on 3i Group plc from GBX 980 ($12.88) to GBX 1,000 ($13.15) and gave the company a “neutral” rating in a report on Thursday, August 10th. Macquarie increased their price target on 3i Group plc from GBX 742 ($9.76) to GBX 825 ($10.85) and gave the company a “neutral” rating in a report on Tuesday, June 13th. Morgan Stanley downgraded 3i Group plc to an “equal weight” rating and increased their price target for the company from GBX 823 ($10.82) to GBX 940 ($12.36) in a report on Tuesday, June 13th. Finally, Barclays PLC reissued an “overweight” rating and issued a GBX 1,000 ($13.15) price target on shares of 3i Group plc in a report on Tuesday, September 19th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of GBX 960 ($12.62).

The company’s 50-day moving average price is GBX 5.47 and its 200 day moving average price is GBX 4.93. The firm’s market capitalization is GBX 9.09 billion.

In other news, insider Julia Wilson sold 54,307 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of GBX 928 ($12.20), for a total value of £503,968.96 ($662,593.95). Over the last ninety days, insiders bought 48 shares of company stock worth $44,768.

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3i Group plc Company Profile

3i Group plc is an investment company with approximately three complementary businesses, Private Equity, Infrastructure and Debt Management, specializing in core investment markets in northern Europe and North America. The Company’s Private Equity business includes investment and asset management to generate capital returns, and is focused on consumer, industrial and business services sectors.

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