3i Group (LON:III) Stock Passes Above 200 Day Moving Average – Should You Sell?

3i Group (LON:III) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,688.97 and traded as high as GBX 2,867. 3i Group shares last traded at GBX 2,834, with a volume of 1,313,801 shares.

Wall Street Analysts Forecast Growth

III has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 3,527 price target on shares of 3i Group in a research note on Friday, June 26th. UBS Group restated a “buy” rating and issued a GBX 3,600 price objective on shares of 3i Group in a report on Monday, May 11th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 3,601.75.

3i Group Price Performance

The stock has a 50 day moving average of GBX 2,702.29 and a two-hundred day moving average of GBX 2,690.11. The company has a debt-to-equity ratio of 4.08, a quick ratio of 0.09 and a current ratio of 131.80. The stock has a market cap of £28.59 billion, a PE ratio of 5.30, a PEG ratio of -0.35 and a beta of 1.63.

Insiders Place Their Bets

In other news, insider Alexandra Schaapveld purchased 624 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were acquired at an average price of GBX 2,920 per share, for a total transaction of £18,220.80. Also, insider Hemant Patel purchased 624 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were purchased at an average price of GBX 2,920 per share, for a total transaction of £18,220.80. Insiders bought a total of 5,677 shares of company stock valued at $16,576,840 over the last 90 days. 2.14% of the stock is owned by corporate insiders.

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.