3i Group (OTCMKTS:TGOPY) Shares Gap Down – What’s Next?

3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $11.21, but opened at $10.89. 3i Group shares last traded at $10.73, with a volume of 531,254 shares trading hands.

Wall Street Analyst Weigh In

TGOPY has been the topic of several research reports. Citigroup reissued a “buy” rating on shares of 3i Group in a research report on Friday, November 14th. UBS Group upgraded 3i Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 2nd. Kepler Capital Markets downgraded 3i Group from a “hold” rating to a “strong sell” rating in a report on Friday, November 14th. Finally, Royal Bank Of Canada lowered shares of 3i Group to an “underperform” rating in a research report on Monday. Three investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, 3i Group currently has an average rating of “Hold”.

3i Group Stock Performance

The stock has a 50-day moving average price of $10.75 and a 200-day moving average price of $15.07.

3i Group Company Profile

3i Group plc is a London?based international investment manager that specializes in private equity, infrastructure and debt investments. The company deploys capital both from its own balance sheet and through managed funds on behalf of institutional investors, targeting mid?market buyouts, growth capital and core infrastructure assets. Its private equity activity typically focuses on acquiring, developing and exiting businesses through active ownership and operational improvement, while its infrastructure arm invests in long?life assets that generate steady cash flows.

3i manages a portfolio of companies across a range of industry sectors, including business and financial services, industrials, consumer and healthcare, and technology.