3i Group (LON:III) Sets New 12-Month High at $3,328.00

3i Group (LON:III)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 3,328 ($44.56) and last traded at GBX 3,328 ($44.56), with a volume of 136025563 shares traded. The stock had previously closed at GBX 3,303 ($44.23).

Analyst Ratings Changes

A number of brokerages have recently issued reports on III. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of 3i Group in a research report on Friday, June 28th. Morgan Stanley downgraded shares of 3i Group to an “equal weight” rating and cut their price objective for the stock from GBX 3,246 ($43.47) to GBX 3,192 ($42.74) in a research report on Wednesday, July 3rd. Finally, Citigroup reissued a “buy” rating and set a GBX 3,800 ($50.88) target price on shares of 3i Group in a research report on Monday, July 15th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, 3i Group has an average rating of “Moderate Buy” and an average price target of GBX 3,148 ($42.15).

3i Group Stock Performance

The company has a market cap of £32.17 billion, a PE ratio of 847.36, a P/E/G ratio of -0.35 and a beta of 1.01. The company has a current ratio of 3.23, a quick ratio of 0.09 and a debt-to-equity ratio of 6.20. The firm’s 50-day simple moving average is GBX 3,112.86 and its two-hundred day simple moving average is GBX 2,952.61.

Insider Activity

In other 3i Group news, insider Jasi Halai acquired 770 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were acquired at an average cost of GBX 3,020 ($40.44) per share, with a total value of £23,254 ($31,138.19). In other 3i Group news, insider Peter McKellar acquired 542 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were acquired at an average cost of GBX 3,113 ($41.68) per share, with a total value of £16,872.46 ($22,593.01). Also, insider Jasi Halai bought 770 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The stock was purchased at an average price of GBX 3,020 ($40.44) per share, with a total value of £23,254 ($31,138.19). Insiders have acquired 1,317 shares of company stock valued at $4,028,511 in the last ninety days. Insiders own 3.04% of the company’s stock.

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.