3i Group (LON:III) Shares Break Above 200 Day Moving Average – Here’s What Happened

Shares of 3i Group (LON:III) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 2,613.22 and traded as high as GBX 2,730. 3i Group shares last traded at GBX 2,670.81, with a volume of 1,447,366 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 3,527 price objective on shares of 3i Group in a research report on Friday, June 26th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,601.75.

3i Group Trading Down 1.6%

The company has a market cap of £26.61 billion, a P/E ratio of 4.85, a P/E/G ratio of -0.35 and a beta of 1.63. The company has a quick ratio of 0.09, a current ratio of 131.80 and a debt-to-equity ratio of 4.08. The business has a 50-day moving average price of GBX 2,764.10 and a two-hundred day moving average price of GBX 2,608.49.

Insider Transactions at 3i Group

In other news, insider Peter McKellar acquired 624 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was purchased at an average cost of GBX 2,920 per share, with a total value of £18,220.80. Also, insider David Hutchison acquired 3,181 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were purchased at an average cost of GBX 2,920 per share, with a total value of £92,885.20. Over the last 90 days, insiders acquired 5,677 shares of company stock valued at $16,576,840. 2.17% of the stock is currently owned by 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.