3i Group (LON:III) Share Price Crosses Above 200-Day Moving Average of $2,973.15

3i Group (LON:III) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,973.15 ($39.77) and traded as high as GBX 3,344.79 ($44.74). 3i Group shares last traded at GBX 3,305 ($44.21), with a volume of 2,179,543 shares.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on III. Citigroup reiterated a “buy” rating and set a GBX 3,800 ($50.83) target price on shares of 3i Group in a report on Monday, July 15th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of 3i Group in a research note on Friday, June 28th. Finally, Morgan Stanley downgraded 3i Group to an “equal weight” rating and decreased their price objective for the stock from GBX 3,246 ($43.42) to GBX 3,192 ($42.70) in a report on Wednesday, July 3rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,148 ($42.11).

3i Group Stock Down 0.2 %

The company has a quick ratio of 0.09, a current ratio of 3.23 and a debt-to-equity ratio of 6.20. The company’s fifty day moving average price is GBX 3,134.94 and its 200-day moving average price is GBX 2,978.58. The stock has a market capitalization of £31.80 billion, a PE ratio of 832.49, a price-to-earnings-growth ratio of -0.35 and a beta of 1.01.

Insider Activity at 3i Group

In related news, insider Peter McKellar bought 542 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were acquired at an average cost of GBX 3,113 ($41.64) per share, with a total value of £16,872.46 ($22,568.83). 3.04% of the stock is owned by corporate insiders.

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.