3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY – Get Free Report) passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $8.53 and traded as high as $8.69. 3i Group shares last traded at $8.67, with a volume of 1,045,408 shares trading hands.
Analysts Set New Price Targets
Separately, Deutsche Bank reiterated a “buy” rating on shares of 3i Group in a research note on Friday, August 28th. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, 3i Group currently has a consensus rating of “Hold”.
View Our Latest Stock Report on 3i Group
3i Group Trading Down 0.8%
The company has a fifty day moving average of $8.49 and a 200-day moving average of $9.07.
3i Group Company Profile
3i Group plc is a British investment company focused on private equity and infrastructure. It invests in businesses and assets, working with portfolio companies on their development and growth. The company traces its origins to 1945, when it was established as the Industrial and Commercial Finance Corporation to provide financing to smaller businesses in the United Kingdom. It later expanded into a broader investment group. 3i’s private equity activities focus mainly on companies in Europe and North America, while its infrastructure investments are concentrated primarily in Europe.
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