3i Group (LON:III) Shares Down 17.4% After Analyst Downgrade

Shares of 3i Group (LON:III) traded down 17.4% during 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 3,295 and last traded at GBX 3,360. 7,001,480 shares were traded during trading, an increase of 31% from the average session volume of 5,335,145 shares. The stock had previously closed at GBX 4,069.

Several other analysts also recently weighed in on the company. UBS Group reiterated a “buy” rating and issued a GBX 4,700 price objective on shares of 3i Group in a research report on Friday, November 7th. Citigroup restated a “buy” rating and issued a GBX 4,800 target price on shares of 3i Group in a research note on Friday. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of 3i Group in a report on Friday, July 25th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 4,600.

Insider Activity

In related news, insider Simon Borrows acquired 30,000 shares of the firm’s stock in a transaction dated Thursday, November 13th. The shares were purchased at an average price of GBX 3,367 per share, with a total value of £1,010,100. Also, insider Peter McKellar bought 4,000 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were purchased at an average price of GBX 3,345 per share, for a total transaction of £133,800. Insiders have acquired a total of 34,007 shares of company stock worth $114,419,647 in the last 90 days. Company insiders own 2.14% of the company’s stock.

3i Group Stock Performance

The company has a quick ratio of 0.09, a current ratio of 3.25 and a debt-to-equity ratio of 6.20. The firm has a 50 day moving average price of GBX 4,144.45 and a 200-day moving average price of GBX 4,128.63. The stock has a market capitalization 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 issued its earnings results on Thursday, November 13th. The company reported GBX 340.20 earnings per share (EPS) for the quarter. 3i Group had a net margin of 96.45% and a return on equity of 19.97%. Research analysts expect that 3i Group will post 622.7106227 EPS for the current fiscal year.

3i Group Company Profile

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.