Citigroup Cuts 3i Group (LON:III) Price Target to GBX 4,280

3i Group (LON:III) had its price target decreased by Citigroup from GBX 4,750 to GBX 4,280 in a research report released on Wednesday morning, Marketbeat Ratings reports. Citigroup currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on III. UBS Group reiterated a “buy” rating and set a GBX 4,000 price target on shares of 3i Group in a research note on Wednesday. Royal Bank Of Canada downgraded shares of 3i Group to an “underperform” rating and reduced their price objective for the stock from GBX 3,250 to GBX 3,000 in a report on Monday, January 26th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of 3i Group from GBX 4,300 to GBX 4,200 and set a “buy” rating on the stock in a research report on Monday, January 12th. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,870.

3i Group Price Performance

Shares of LON:III opened at GBX 2,364 on Wednesday. The firm has a market capitalization of £24.06 billion, a PE ratio of 3.64, a PEG ratio of -0.35 and a beta of 1.02. The company has a current ratio of 5.32, a quick ratio of 0.09 and a debt-to-equity ratio of 4.59. 3i Group has a 1-year low of GBX 2,255 and a 1-year high of GBX 4,497. The business’s 50 day moving average is GBX 3,140.32 and its 200-day moving average is GBX 3,502.64.

Insider Buying and Selling

In related news, insider Simon Borrows purchased 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were acquired at an average price of GBX 3,490 per share, with a total value of £1,047,000. Over the last quarter, insiders acquired 30,009 shares of company stock valued at $104,729,139. 2.08% of the stock is owned by insiders.

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.