3i Group (OTCMKTS:TGOPY) Shares Gap Up – What’s Next?

3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $10.40, but opened at $10.98. 3i Group shares last traded at $10.97, with a volume of 23,955 shares changing hands.

Analyst Upgrades and Downgrades

TGOPY has been the topic of several analyst reports. Citigroup reissued a “buy” rating on shares of 3i Group in a research report on Friday, November 14th. UBS Group upgraded 3i Group from a “hold” rating to a “buy” rating in a report on Thursday, October 2nd. Kepler Capital Markets downgraded 3i Group from a “hold” rating to a “strong sell” rating in a report on Friday, November 14th. Finally, Sanford C. Bernstein initiated coverage on shares of 3i Group in a research note on Thursday, September 18th. They issued an “outperform” rating on the stock. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, 3i Group currently has an average rating of “Moderate Buy”.

3i Group Price Performance

The company’s 50 day moving average is $11.04 and its two-hundred day moving average is $16.02.

About 3i Group

3i Group plc is a London?based international investment manager that specializes in private equity, infrastructure and debt investments. The company deploys capital both from its own balance sheet and through managed funds on behalf of institutional investors, targeting mid?market buyouts, growth capital and core infrastructure assets. Its private equity activity typically focuses on acquiring, developing and exiting businesses through active ownership and operational improvement, while its infrastructure arm invests in long?life assets that generate steady cash flows.

3i manages a portfolio of companies across a range of industry sectors, including business and financial services, industrials, consumer and healthcare, and technology.