3i Group (LON:III) Trading Down 19.1% – Here’s What Happened

3i Group (LON:III) fell 19.1% during mid-day trading on Thursday . The stock traded as low as GBX 1,825 and last traded at GBX 1,958.50. 66,850,133 shares were traded during trading, an increase of 123% from the average session volume of 30,012,730 shares. The stock had previously closed at GBX 2,421.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on III. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 4,300 price objective on shares of 3i Group in a research note on Friday. UBS Group reissued a “buy” rating and set a GBX 3,600 price objective on shares of 3i Group in a research note on Monday, May 11th. Citigroup lowered their price objective on shares of 3i Group from GBX 4,750 to GBX 4,280 and set a “buy” rating for the company in a research note on Wednesday, March 25th. Finally, Royal Bank Of Canada cut shares of 3i Group to an “underperform” rating and lowered their price objective for the company from GBX 3,250 to GBX 3,000 in a research note on Monday, January 26th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, 3i Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 3,795.

3i Group Trading Up 4.4%

The business’s 50-day moving average is GBX 2,678.45 and its two-hundred day moving average is GBX 3,147.39. The company has a current ratio of 131.80, a quick ratio of 0.09 and a debt-to-equity ratio of 4.08. The stock has a market capitalization of £22.45 billion, a PE ratio of 3.40, a PEG ratio of -0.35 and a beta of 1.15.

3i Group (LON:III) last issued its quarterly earnings data on Thursday, May 14th. The company reported GBX 539.40 EPS for the quarter. 3i Group had a net margin of 1,236.92% and a return on equity of 17.91%. The firm had revenue of GBX 549.60 billion for the quarter. On average, analysts predict that 3i Group will post 622.7106227 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Jasi Halai acquired 70 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were purchased at an average price of GBX 2,572 per share, for a total transaction of £1,800.40. Also, insider James Hatchley acquired 10,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was purchased at an average price of GBX 2,083 per share, for a total transaction of £208,300. Insiders own 2.08% of the company’s stock.

3i Group Company Profile

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.