3i Group’s (III) “Buy” Rating Reaffirmed at Citigroup

3i Group (LON:III)‘s stock had its “buy” rating reaffirmed by analysts at Citigroup in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. They currently have a GBX 4,800 target price on the stock. Citigroup’s price target suggests a potential upside of 45.19% from the stock’s current price.

III has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft raised their target price on 3i Group from GBX 4,500 to GBX 4,600 and gave the company a “buy” rating in a research note on Thursday, September 25th. JPMorgan Chase & Co. restated an “overweight” rating on shares of 3i Group in a research report on Friday, July 25th. Finally, 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. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 4,700.

3i Group Stock Performance

Shares of LON III traded down GBX 54 during midday trading on Friday, hitting GBX 3,306. 68,183,914 shares of the company’s stock were exchanged, compared to its average volume of 5,618,367. 3i Group has a twelve month low of GBX 330.40 and a twelve month high of GBX 4,497. The firm has a market cap of £32.58 billion, a P/E ratio of 6.35, a PEG ratio of -0.35 and a beta of 1.01. The stock’s 50 day moving average price is GBX 4,156.52 and its 200-day moving average price is GBX 4,135.13. The company has a debt-to-equity ratio of 6.20, a current ratio of 3.25 and a quick ratio of 0.09.

3i Group (LON:III) last announced its quarterly earnings results on Thursday, November 13th. The company reported GBX 340.20 earnings per share (EPS) for the quarter. 3i Group had a return on equity of 19.97% and a net margin of 96.45%. Equities research analysts anticipate that 3i Group will post 622.7106227 EPS for the current year.

Insider Buying and Selling at 3i Group

In other 3i Group news, insider Simon Borrows acquired 30,000 shares of 3i Group stock in a transaction 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. Over the last 90 days, insiders have bought 30,007 shares of company stock valued at $101,039,647. 2.14% of the stock is currently owned by corporate insiders.

About 3i Group

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.