3i Group (LON:III) Shares Cross Above 200-Day Moving Average – Here’s Why

3i Group (LON:III) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,748.77 and traded as high as GBX 2,915. 3i Group shares last traded at GBX 2,897, with a volume of 2,511,451 shares trading hands.

Analyst Ratings Changes

III has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 3,527 price target on shares of 3i Group in a report on Friday, June 26th. UBS Group reiterated a “buy” rating and set a GBX 3,600 price objective on shares of 3i Group in a report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,601.75.

3i Group Trading Up 0.6%

The company has a debt-to-equity ratio of 4.08, a current ratio of 131.80 and a quick ratio of 0.09. The stock has a market cap of £28.83 billion, a price-to-earnings ratio of 5.32, a P/E/G ratio of -0.35 and a beta of 1.58. The company’s fifty day moving average price is GBX 2,450.14 and its 200-day moving average price is GBX 2,746.70.

3i Group (LON:III) last announced its quarterly earnings data on Thursday, May 14th. The company reported GBX 539.40 EPS for the quarter. The firm had revenue of GBX 549.60 billion during the quarter. 3i Group had a net margin of 1,236.92% and a return on equity of 17.91%. On average, research analysts expect that 3i Group will post 622.7106227 EPS for the current fiscal year.

Insider Buying and Selling at 3i Group

In related news, insider James Hatchley purchased 10,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average price of GBX 2,083 per share, with a total value of £208,300. Also, insider Simon Borrows purchased 50,000 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was bought at an average cost of GBX 2,229 per share, with a total value of £1,114,500. In the last quarter, insiders have purchased 64,765 shares of company stock worth $142,461,849. 2.09% of the stock is 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.