3i Group plc (LON:III) shares fell 0% during mid-day trading on Tuesday . The company traded as low as GBX 881.40 ($12.36) and last traded at GBX 895.60 ($12.56). 3,482,134 shares traded hands during trading, an increase of 104% from the average session volume of 1,710,000 shares. The stock had previously closed at GBX 895.60 ($12.56).
A number of research firms recently issued reports on III. Canaccord Genuity lifted their target price on 3i Group from GBX 1,030 ($14.44) to GBX 1,035 ($14.51) and gave the stock a “buy” rating in a report on Tuesday. Societe Generale reissued a “buy” rating and issued a GBX 1,020 ($14.30) price target on shares of 3i Group in a research note on Friday, November 17th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of GBX 970 ($13.60).
The stock has a market capitalization of $9,070.00 and a P/E ratio of 721.88.
The business also recently declared a dividend, which was paid on Wednesday, January 10th. Investors of record on Thursday, December 14th were paid a GBX 8 ($0.11) dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a yield of 0.86%.
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3i Group Company Profile
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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