Barclays Boosts 3i Group (LON:III) Price Target to GBX 3,050

3i Group (LON:III) had its price objective lifted by Barclays from GBX 2,815 ($35.36) to GBX 3,050 ($38.31) in a report published on Friday morning, MarketBeat reports. Barclays currently has an overweight rating on the stock.

3i Group Price Performance

3i Group stock opened at GBX 2,891 ($36.31) on Friday. The firm has a market capitalization of £28.14 billion, a PE ratio of 628.48, a P/E/G ratio of -0.35 and a beta of 1.03. 3i Group has a 52 week low of GBX 1,709.50 ($21.47) and a 52 week high of GBX 2,905 ($36.49). The firm’s 50-day simple moving average is GBX 2,702.80 and its 200 day simple moving average is GBX 2,414.70. The company has a quick ratio of 0.09, a current ratio of 1.48 and a debt-to-equity ratio of 6.74.

About 3i Group

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.