3i Group (LON:III) Shares Down 15.2% on Analyst Downgrade

3i Group (LON:III)’s stock price dropped 15.2% during mid-day trading on Thursday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from GBX 4,600 to GBX 4,300. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. 3i Group traded as low as GBX 3,376 and last traded at GBX 3,449. Approximately 49,058,203 shares were traded during mid-day trading, an increase of 788% from the average daily volume of 5,525,447 shares. The stock had previously closed at GBX 4,069.

Several other research firms also recently issued reports on III. Citigroup reissued a “buy” rating and issued a GBX 4,800 price target on shares of 3i Group in a research report on Friday. UBS Group reiterated a “buy” rating and set a GBX 4,700 price objective on shares of 3i Group in a report on Friday, November 7th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of 3i Group in a research report on Friday, July 25th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 4,600.

Insider Activity at 3i Group

In other 3i Group news, insider Peter McKellar purchased 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were acquired at an average cost of GBX 3,345 per share, for a total transaction of £133,800. Also, insider Simon Borrows acquired 30,000 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was acquired at an average cost of GBX 3,367 per share, for a total transaction of £1,010,100. In the last three months, insiders have acquired 34,007 shares of company stock worth $114,419,647. Insiders own 2.14% of the company’s stock.

3i Group Price Performance

The business has a fifty day moving average of GBX 4,144.45 and a 200-day moving average of GBX 4,129.08. The company has a current ratio of 3.25, a quick ratio of 0.09 and a debt-to-equity ratio of 6.20. The firm has a market cap of £32.69 billion, a PE ratio of 6.37, a PEG ratio of -0.35 and a beta of 1.01.

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

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.