3i Group (LON:III) Stock Price Up 11.5% – Time to Buy?

Shares of 3i Group (LON:III) were up 11.5% on Thursday . The company traded as high as GBX 2,539 and last traded at GBX 2,534. 4,439,055 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 25,437,234 shares. The stock had previously closed at GBX 2,273.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 3,527 price objective on shares of 3i Group in a research note on Friday. UBS Group reissued a “buy” rating and issued a GBX 3,600 target price on shares of 3i Group in a research note on Monday, May 11th. Finally, Citigroup reduced their target price on 3i Group from GBX 4,750 to GBX 4,280 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, 3i Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 3,601.75.

3i Group Price Performance

The company has a debt-to-equity ratio of 4.08, a current ratio of 131.80 and a quick ratio of 0.09. The stock has a market cap of £25.68 billion, a P/E ratio of 4.70, a P/E/G ratio of -0.35 and a beta of 1.59. The company’s 50 day simple moving average is GBX 2,390.54 and its 200 day simple moving average is GBX 2,844.94.

3i Group (LON:III) last posted its earnings results on Thursday, May 14th. The company reported GBX 539.40 earnings per share for the quarter. The company had revenue of GBX 549.60 billion for the quarter. 3i Group had a net margin of 1,236.92% and a return on equity of 17.91%. As a group, equities analysts forecast that 3i Group will post 622.7106227 earnings per share for the current year.

Insider Activity at 3i Group

In other 3i Group news, insider Simon Borrows bought 50,000 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was purchased at an average cost of GBX 2,229 per share, with a total value of £1,114,500. Also, insider Jasi Halai bought 471 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was acquired at an average cost of GBX 2,175 per share, with a total value of £10,244.25. Insiders bought a total of 64,835 shares of company stock worth $142,641,889 in the last quarter. Corporate insiders own 2.09% 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.