3i Group (LON:III) Reaches New 1-Year High – Here’s What Happened

3i Group (LON:III) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 4,457 ($59.37) and last traded at GBX 4,439.50 ($59.14), with a volume of 7701816 shares trading hands. The stock had previously closed at GBX 4,437 ($59.10).

Analysts Set New Price Targets

III has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of 3i Group from GBX 4,500 to GBX 4,600 and gave the company a “buy” rating in a report on Thursday, September 25th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of 3i Group in a report on Friday, July 25th. Finally, UBS Group upgraded shares of 3i Group to a “buy” rating and increased their price target for the company from GBX 4,450 to GBX 4,700 in a report on Thursday, October 2nd. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 4,716.67.

3i Group Stock Performance

The stock has a market capitalization of £43.74 billion, a price-to-earnings ratio of 8.53, a PEG ratio of -0.35 and a beta of 1.01. The stock’s 50 day moving average is GBX 4,090.47 and its 200 day moving average is GBX 4,113.26. The company has a current ratio of 3.25, a quick ratio of 0.09 and a debt-to-equity ratio of 6.20.

About 3i Group

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.