Barclays Raises 3i Group (LON:III) Price Target to GBX 3,050

3i Group (LON:III) had its price objective lifted by Barclays from GBX 2,815 ($35.36) to GBX 3,050 ($38.31) in a report released on Friday morning, MarketBeat reports. They currently have an overweight rating on the stock.

3i Group Stock Up 1.7 %

Shares of 3i Group stock opened at GBX 2,891 ($36.31) on Friday. The company has a debt-to-equity ratio of 6.74, a current ratio of 1.48 and a quick ratio of 0.09. 3i Group has a 1-year low of GBX 1,709.50 ($21.47) and a 1-year high of GBX 2,905 ($36.49). The business’s fifty day moving average price is GBX 2,711.90 and its two-hundred day moving average price is GBX 2,425.28. The company has a market capitalization of £28.14 billion, a P/E ratio of 628.48, a PEG ratio of -0.35 and a beta of 1.03.

3i Group Company Profile

3i Group plc is a private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins. The firm also provides infrastructure financing and debt management. For debt management, it invests in senior and mezzanine corporate debt in typically large and private companies in United Kingdom, Europe, Asia, and North America.