3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY – Get Free Report) gapped up before the market opened on Thursday. The stock had previously closed at $8.49, but opened at $8.80. 3i Group shares last traded at $8.82, with a volume of 113,043 shares.
Wall Street Analyst Weigh In
Separately, Deutsche Bank restated a “buy” rating on shares of 3i Group in a report on Friday, August 28th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, 3i Group has an average rating of “Hold”.
Check Out Our Latest Stock Report on 3i Group
3i Group Stock Up 5.2%
The company has a 50 day simple moving average of $8.49 and a 200-day simple 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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