3i Group (LON:III) Earns Buy Rating from Citigroup

3i Group (LON:III)‘s stock had its “buy” rating reiterated by equities researchers at Citigroup in a research note issued to investors on Tuesday,London Stock Exchange reports. They currently have a GBX 4,850 ($63.95) price target on the stock. Citigroup’s price objective points to a potential upside of 24.23% from the company’s current price.

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

3i Group Price Performance

3i Group stock remained flat at GBX 3,904 ($51.48) during midday trading on Tuesday. 3,548,549 shares of the company’s stock traded hands, compared to its average volume of 9,976,081. The business’s 50 day simple moving average is GBX 3,837.05 and its 200-day simple moving average is GBX 3,635.73. The firm has a market capitalization of £37.69 billion, a P/E ratio of 9.85, a PEG ratio of -0.35 and a beta of 1.01. The company has a debt-to-equity ratio of 6.20, a current ratio of 3.25 and a quick ratio of 0.09. 3i Group has a 12-month low of GBX 2,750 ($36.26) and a 12-month high of GBX 4,153.60 ($54.77).

About 3i Group

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.