3i Group (LON:III) Hits New 1-Year Low – Should You Sell?

3i Group (LON:III)’s stock price reached a new 52-week low on Friday . The company traded as low as GBX 1,825 and last traded at GBX 1,995.76, with a volume of 11516466 shares changing hands. The stock had previously closed at GBX 2,421.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. UBS Group reiterated a “buy” rating and set a GBX 3,600 target price on shares of 3i Group in a research report on Monday. Royal Bank Of Canada downgraded 3i Group to an “underperform” rating and cut their target price for the company from GBX 3,250 to GBX 3,000 in a research report on Monday, January 26th. Finally, Citigroup cut their target price on 3i Group from GBX 4,750 to GBX 4,280 and set a “buy” rating for the company in a research report on Wednesday, March 25th. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, 3i Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 3,770.

3i Group Trading Up 2.8%

The business has a 50-day moving average price of GBX 2,698.09 and a two-hundred day moving average price of GBX 3,154.02. The stock has a market capitalization of £22.10 billion, a P/E ratio of 3.35, a P/E/G ratio of -0.35 and a beta of 1.15. The company has a current ratio of 5.32, a quick ratio of 0.09 and a debt-to-equity ratio of 4.59.

3i Group (LON:III) last released its earnings results on Thursday, May 14th. The company reported GBX 539.40 earnings per share for the quarter. 3i Group had a return on equity of 23.76% and a net margin of 352.44%.The firm had revenue of GBX 549.60 billion during the quarter. On average, analysts expect that 3i Group will post 622.7106227 EPS for the current fiscal year.

Insider Transactions at 3i Group

In other 3i Group news, insider Jasi Halai bought 70 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were purchased at an average price of GBX 2,572 per share, for a total transaction of £1,800.40. 2.08% 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.