3i Group (LON:III) Hits New 52-Week High – Time to Buy?

3i Group (LON:III)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 3,779 ($46.59) and last traded at GBX 3,770 ($46.48), with a volume of 33302660 shares changing hands. The stock had previously closed at GBX 3,746 ($46.18).

Wall Street Analysts Forecast Growth

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

3i Group Price Performance

The company has a debt-to-equity ratio of 6.20, a quick ratio of 0.09 and a current ratio of 3.23. The stock has a market capitalization of £37.04 billion, a P/E ratio of 967.51, a PEG ratio of -0.35 and a beta of 1.01. The firm has a fifty day moving average price of GBX 3,593.62 and a two-hundred day moving average price of GBX 3,309.99.

3i Group Cuts Dividend

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