3i Group (LON:III) Stock Price Down 17.4% on Analyst Downgrade

3i Group (LON:III) traded down 17.4% 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 3,295 and last traded at GBX 3,360. 7,001,480 shares changed hands during trading, an increase of 31% from the average session volume of 5,335,145 shares. The stock had previously closed at GBX 4,069.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of 3i Group in a research report on Friday, July 25th. UBS Group reiterated a “buy” rating and issued a GBX 4,700 price objective on shares of 3i Group in a research note on Friday, November 7th. Finally, Citigroup restated a “buy” rating and set a GBX 4,800 target price on shares of 3i Group in a research report on Friday. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, 3i Group currently has a consensus rating of “Buy” and a consensus target price of GBX 4,600.

Insider Activity

In other 3i Group news, insider Peter McKellar purchased 4,000 shares of the stock in a transaction dated Friday, November 14th. The shares were acquired at an average cost of GBX 3,345 per share, for a total transaction of £133,800. Also, insider Simon Borrows purchased 30,000 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were bought at an average cost 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 ninety days. Insiders own 2.14% of the company’s stock.

3i Group Stock Down 1.3%

The company has a current ratio of 3.25, a quick ratio of 0.09 and a debt-to-equity ratio of 6.20. The firm has a 50 day moving average price of GBX 4,144.45 and a two-hundred day moving average price of GBX 4,128.63. The firm has a market capitalization of £32.69 billion, a price-to-earnings 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 data on Thursday, November 13th. The company reported GBX 340.20 earnings per share (EPS) for the quarter. 3i Group had a net margin of 96.45% and a return on equity of 19.97%. On average, equities analysts expect that 3i Group will post 622.7106227 earnings per share for the current fiscal year.

3i Group Company Profile

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.