3i Group plc (LON:III) shares were down 1.7% during trading on Thursday . The company traded as low as GBX 907 ($12.23) and last traded at GBX 907.50 ($12.24). Approximately 1,148,434 shares traded hands during mid-day trading, an increase of 146% from the average daily volume of 466,322 shares. The stock had previously closed at GBX 923 ($12.44).

A number of research analysts have recently commented on III shares. J P Morgan Chase & Co restated an “overweight” rating on shares of 3i Group plc in a report on Wednesday, May 31st. Barclays PLC restated an “overweight” rating and issued a GBX 980 ($13.21) price target (up from GBX 750 ($10.11)) on shares of 3i Group plc in a report on Thursday, June 1st. Morgan Stanley cut shares of 3i Group plc to an “equal weight” rating and upped their price target for the stock from GBX 823 ($11.10) to GBX 940 ($12.67) in a report on Tuesday, June 13th. Macquarie upped their price target on shares of 3i Group plc from GBX 742 ($10.00) to GBX 825 ($11.12) and gave the stock a “neutral” rating in a report on Tuesday, June 13th. Finally, Societe Generale restated a “buy” rating and issued a GBX 1,020 ($13.75) price target on shares of 3i Group plc in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 960 ($12.94).

The company’s market cap is GBX 8.82 billion. The company has a 50-day moving average price of GBX 5.44 and a 200-day moving average price of GBX 4.94.

In related news, insider Julia Wilson sold 54,307 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of GBX 928 ($12.51), for a total value of £503,968.96 ($679,478.17).

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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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