3i Group (LON:III) Trading Down 17.4% – Here’s Why

Shares of 3i Group (LON:III) dropped 17.4% during trading on Friday . The stock traded as low as GBX 3,295 and last traded at GBX 3,360. Approximately 7,001,480 shares changed hands during trading, an increase of 31% from the average daily volume of 5,335,145 shares. The stock had previously closed at GBX 4,069.

Wall Street Analyst Weigh In

III has been the topic of a number of research reports. UBS Group reaffirmed a “buy” rating and issued a GBX 4,700 price target on shares of 3i Group in a research note on Friday, November 7th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of 3i Group from GBX 4,500 to GBX 4,600 and gave the stock a “buy” rating in a report on Thursday, September 25th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of 3i Group in a research note on Friday, July 25th. Finally, Citigroup increased their target price on 3i Group from GBX 5,000 to GBX 5,150 and gave the stock a “buy” rating in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 4,816.67.

3i Group Stock Down 2.6%

The stock’s fifty day moving average price is GBX 4,156.52 and its 200-day moving average price is GBX 4,135.13. The company has a quick ratio of 0.09, a current ratio of 3.25 and a debt-to-equity ratio of 6.20. The company has a market capitalization of £32.24 billion, a price-to-earnings ratio of 6.29, a P/E/G ratio of -0.35 and a beta of 1.01.

3i Group (LON:III) last released its earnings results on Thursday, November 13th. The company reported GBX 340.20 earnings per share for the quarter. 3i Group had a net margin of 96.45% and a return on equity of 19.97%. On average, sell-side analysts predict that 3i Group will post 622.7106227 earnings per share for the current fiscal year.

Insider Transactions at 3i Group

In related news, insider Simon Borrows purchased 30,000 shares of 3i Group stock in a transaction that occurred on Thursday, November 13th. The stock was purchased at an average cost of GBX 3,367 per share, with a total value of £1,010,100. Insiders bought a total of 30,007 shares of company stock worth $101,039,647 in the last 90 days. Corporate insiders own 2.14% 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.