3i Group (LON:III) Shares Down 16.1% on Analyst Downgrade

3i Group (LON:III) shares fell 16.1% on Thursday after Citigroup lowered their price target on the stock from GBX 4,750 to GBX 4,280. Citigroup currently has a buy rating on the stock. 3i Group traded as low as GBX 2,318 and last traded at GBX 2,343. 33,405,574 shares traded hands during trading, an increase of 28% from the average session volume of 26,145,854 shares. The stock had previously closed at GBX 2,792.

Several other research analysts have also weighed in on III. Deutsche Bank Aktiengesellschaft lowered their price objective on 3i Group from GBX 4,300 to GBX 4,200 and set a “buy” rating for the company in a research report on Monday, January 12th. Royal Bank Of Canada cut 3i Group to an “underperform” rating and decreased their target price for the stock from GBX 3,250 to GBX 3,000 in a research note on Monday, January 26th. Finally, UBS Group reiterated a “buy” rating and issued a GBX 4,000 target price on shares of 3i Group in a report on Wednesday. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 3,870.

Insiders Place Their Bets

In related news, insider Simon Borrows purchased 30,000 shares of the firm’s stock in a transaction on Thursday, January 29th. The stock was purchased at an average cost of GBX 3,490 per share, with a total value of £1,047,000. Insiders have acquired 30,009 shares of company stock valued at $104,729,139 over the last ninety days. Insiders own 2.08% of the company’s stock.

3i Group Stock Performance

The company has a market capitalization of £23.34 billion, a price-to-earnings ratio of 3.53, a P/E/G ratio of -0.35 and a beta of 1.02. The company has a 50 day moving average price of GBX 3,177.57 and a 200 day moving average price of GBX 3,522.11. The company has a debt-to-equity ratio of 4.59, a quick ratio of 0.09 and a current ratio of 5.32.

About 3i Group

3i is an investment company specialising in Private Equity and Infrastructure. We invest in mid-market companies headquartered in Europe and North America.

We generate attractive returns for our shareholders and co-investors by investing in private equity and infrastructure assets.

As proprietary capital investors we have a long-term, responsible approach.

We aim to compound value through thoughtful origination, disciplined investment and active management of our assets, driving sustainable growth in our investment companies.