3i Group (III) Reaches New 12-Month Low at $785.80
3i Group plc (LON:III)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as GBX 785.80 ($10.27) and last traded at GBX 789.80 ($10.32), with a volume of 4040414 shares trading hands. The stock had previously closed at GBX 850.80 ($11.12).
Several equities research analysts have recently issued reports on the stock. Barclays raised their price objective on shares of 3i Group from GBX 1,040 ($13.59) to GBX 1,100 ($14.37) and gave the stock an “overweight” rating in a research note on Thursday, July 26th. Numis Securities assumed coverage on shares of 3i Group in a research note on Tuesday, September 4th. They issued a “buy” rating and a GBX 1,225 ($16.01) price objective on the stock. Five investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus price target of GBX 1,105 ($14.44).
The firm also recently declared a dividend, which will be paid on Wednesday, January 9th. Shareholders of record on Thursday, December 13th will be paid a dividend of GBX 15 ($0.20) per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a yield of 1.78%.
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3i Group plc is a private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins. The firm also provides infrastructure financing and debt management. For debt management, it invests in senior and mezzanine corporate debt in typically large and private companies in United Kingdom, Europe, Asia, and North America.
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