3i Group (LON:III) Trading Down 17.4% Following Analyst Downgrade

Shares of 3i Group (LON:III) were down 17.4% 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. Approximately 6,893,145 shares changed hands during mid-day trading, an increase of 29% from the average daily volume of 5,334,654 shares. The stock had previously closed at GBX 4,069.

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

Insider Buying and Selling

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

3i Group Price 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 business’s 50-day moving average is GBX 4,144.45 and its two-hundred day moving average is GBX 4,129.08. The company has a market capitalization of £32.69 billion, a P/E ratio of 6.37, a price-to-earnings-growth ratio of -0.35 and a beta of 1.01.

3i Group (LON:III) last issued its quarterly earnings data 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%. As a group, analysts predict that 3i Group will post 622.7106227 earnings per share for the current 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.