3i Group (LON:III) Stock Price Down 13.4% on Analyst Downgrade

3i Group (LON:III) was down 13.4% during mid-day trading on Thursday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from GBX 4,600 to GBX 4,300. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. 3i Group traded as low as GBX 3,514 and last traded at GBX 3,522. Approximately 48,002,988 shares changed hands during mid-day trading, an increase of 770% from the average daily volume of 5,520,672 shares. The stock had previously closed at GBX 4,069.

III has been the topic of a number of other research reports. Citigroup reaffirmed a “buy” rating and issued a GBX 4,800 target price on shares of 3i Group in a research note on Friday. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of 3i Group in a research note on Friday, July 25th. Finally, UBS Group reissued a “buy” rating and issued a GBX 4,700 target price on shares of 3i Group in a research note on Friday, November 7th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 4,600.

Insider Transactions at 3i Group

In related news, insider Peter McKellar bought 4,000 shares of the business’s stock in a transaction on Friday, November 14th. The shares were bought at an average cost of GBX 3,345 per share, for a total transaction of £133,800. Also, insider Simon Borrows acquired 30,000 shares of 3i Group stock in a transaction dated Thursday, November 13th. The shares were acquired at an average price of GBX 3,367 per share, with a total value of £1,010,100. Insiders acquired 34,007 shares of company stock worth $114,419,647 in the last three months. 2.14% of the stock is currently owned by corporate insiders.

3i Group Stock Down 1.3%

The company has a quick ratio of 0.09, a current ratio of 3.25 and a debt-to-equity ratio of 6.20. The business’s 50-day moving average price is GBX 4,144.45 and its 200-day moving average price is GBX 4,129.08. The firm has a market capitalization of £32.69 billion, a PE ratio of 6.37, a price-to-earnings-growth ratio of -0.35 and a beta of 1.01.

3i Group (LON:III) last released its quarterly earnings results on Thursday, November 13th. The company reported GBX 340.20 earnings per share for the quarter. 3i Group had a net margin of 96.45% and a return on equity of 19.97%. As a group, equities research analysts predict that 3i Group will post 622.7106227 EPS for the current fiscal year.

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.