3i Group plc (III) Trading Up 1.9%

3i Group plc (LON:III)’s share price was up 1.9% on Thursday . The stock traded as high as GBX 964.50 ($12.73) and last traded at GBX 960.50 ($12.67). Approximately 1,483,663 shares were traded during trading, an increase of 438% from the average daily volume of 275,723 shares. The stock had previously closed at GBX 943 ($12.44).

Several equities analysts have weighed in on III shares. Societe Generale restated a “buy” rating and set a GBX 1,020 ($13.46) target price on shares of 3i Group plc in a report on Tuesday, September 19th. Barclays PLC restated an “overweight” rating and set a GBX 1,000 ($13.20) target price on shares of 3i Group plc in a report on Tuesday, September 19th. Finally, Citigroup Inc. raised their target price on shares of 3i Group plc from GBX 980 ($12.93) to GBX 1,000 ($13.20) and gave the company a “neutral” rating in a report on Thursday, August 10th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. 3i Group plc presently has a consensus rating of “Buy” and an average price target of GBX 960 ($12.67).

The firm’s market capitalization is GBX 9.10 billion. The firm’s 50-day moving average is GBX 6.89 and its 200-day moving average is GBX 6.53.

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About 3i Group plc

3i Group plc is an investment company with approximately three complementary businesses, Private Equity, Infrastructure and Debt Management, specializing in core investment markets in northern Europe and North America. The Company’s Private Equity business includes investment and asset management to generate capital returns, and is focused on consumer, industrial and business services sectors.

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