3i Group plc (III) Downgraded by Macquarie
Several other research analysts have also recently weighed in on III. Canaccord Genuity reissued a buy rating and set a GBX 780 ($9.49) price objective on shares of 3i Group plc in a report on Thursday, October 27th. Citigroup Inc. reaffirmed a neutral rating on shares of 3i Group plc in a report on Monday, November 14th. Societe Generale upped their target price on shares of 3i Group plc from GBX 730 ($8.88) to GBX 795 ($9.67) and gave the company a buy rating in a report on Wednesday, November 23rd. J P Morgan Chase & Co reaffirmed an overweight rating on shares of 3i Group plc in a report on Monday, November 14th. Finally, Barclays PLC reaffirmed an overweight rating and set a GBX 700 ($8.51) target price on shares of 3i Group plc in a report on Wednesday, October 26th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of GBX 743.75 ($9.04).
Shares of 3i Group plc (LON:III) opened at 723.50 on Tuesday. The stock’s 50 day moving average is GBX 5.47 and its 200-day moving average is GBX 4.93. The company’s market capitalization is GBX 6.95 billion. 3i Group plc has a 12-month low of GBX 389.10 and a 12-month high of GBX 729.50.
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The firm also recently announced a dividend, which was paid on Wednesday, January 4th. Shareholders of record on Thursday, December 8th were issued a dividend of GBX 8 ($0.10) per share. The ex-dividend date of this dividend was Thursday, December 8th. This represents a yield of 1.32%.
In other news, insider Jonathan Asquith acquired 26,000 shares of 3i Group plc stock in a transaction dated Friday, November 11th. The stock was purchased at an average cost of GBX 617 ($7.50) per share, with a total value of £160,420 ($195,086.95). Also, insider Kevin Dunn sold 11,867 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of GBX 643 ($7.82), for a total transaction of £76,304.81 ($92,794.37).
About 3i Group plc
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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