3i Group (LON:III) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

3i Group (LON:III) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,400.12 ($42.34) and traded as high as GBX 4,043 ($50.34). 3i Group shares last traded at GBX 4,009.55 ($49.93), with a volume of 1,404,932 shares trading hands.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reaffirmed a “top pick” rating on shares of 3i Group in a report on Tuesday, January 7th.

3i Group Stock Down 0.3 %

The company has a fifty day moving average of GBX 3,706.76 and a 200 day moving average of GBX 3,400.12. 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 has a market cap of £38.67 billion, a P/E ratio of 1,009.96, a price-to-earnings-growth ratio of -0.35 and a beta of 1.01.

3i Group Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, November 28th were paid a dividend of GBX 30.50 ($0.38) per share. The ex-dividend date was Thursday, November 28th. This represents a dividend yield of 0.92%. 3i Group’s dividend payout ratio is currently 1,536.52%.

3i Group Company Profile

3i is an investment company with two complementary businesses, Private Equity and Infrastructure.

We focus on opportunities where our sector and investment expertise, combined with our international presence and strong capital position, can create material value for our stakeholders.