3i Group (LON:III) Shares Down 17.8% Following Analyst Downgrade

3i Group (LON:III)’s stock price was down 17.8% 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 3,288 and last traded at GBX 3,346. Approximately 51,461,531 shares changed hands during trading, an increase of 830% from the average daily volume of 5,536,321 shares. The stock had previously closed at GBX 4,069.

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

Insider Transactions at 3i Group

In other news, insider Simon Borrows bought 30,000 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was acquired at an average cost 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 on Friday, November 14th. The stock was purchased at an average price of GBX 3,345 per share, for a total transaction of £133,800. Insiders purchased a total of 34,007 shares of company stock worth $114,419,647 over the last three months. 2.14% of the stock is owned by insiders.

3i Group Trading Down 1.3%

The stock has a 50 day moving average of GBX 4,144.45 and a 200 day moving average of GBX 4,129.08. The company has a debt-to-equity ratio of 6.20, a current ratio of 3.25 and a quick ratio of 0.09. The firm has a market cap of £32.69 billion, a P/E ratio of 6.37, a PEG ratio of -0.35 and a beta of 1.01.

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