3i Group (LON:III) Stock Price Down 11.3% – What’s Next?

3i Group (LON:III) shares were down 11.3% during trading on Thursday . The company traded as low as GBX 3,592.42 and last traded at GBX 3,608. Approximately 47,420,590 shares changed hands during trading, an increase of 759% from the average daily volume of 5,518,037 shares. The stock had previously closed at GBX 4,069.

Analyst Ratings Changes

III has been the topic of a number of recent research reports. UBS Group reaffirmed a “buy” rating and set a GBX 4,700 price objective on shares of 3i Group in a report on Friday, November 7th. Citigroup raised their target price on 3i Group from GBX 5,000 to GBX 5,150 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft upped their price target on 3i Group from GBX 4,500 to GBX 4,600 and gave the company a “buy” rating in a research report on Thursday, September 25th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of 3i Group in a report on Friday, July 25th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 4,816.67.

3i Group Stock Performance

The stock has a market cap of £34.21 billion, a price-to-earnings ratio of 6.67, a P/E/G ratio of -0.35 and a beta of 1.01. 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 fifty day simple moving average of GBX 4,167.48 and a 200-day simple moving average of GBX 4,140.55.

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.