3i Group (LON:III) Trading Down 15.4% – Time to Sell?

3i Group (LON:III)’s stock price traded down 15.4% during trading on Thursday . The company traded as low as GBX 3,373 and last traded at GBX 3,444. 49,767,664 shares were traded during trading, an increase of 800% from the average session volume of 5,528,657 shares. The stock had previously closed at GBX 4,069.

Analysts Set New Price Targets

Several analysts have issued reports on III shares. JPMorgan Chase & Co. reissued an “overweight” rating on shares of 3i Group in a research note on Friday, July 25th. Deutsche Bank Aktiengesellschaft boosted their target price on 3i Group from GBX 4,500 to GBX 4,600 and gave the company a “buy” rating in a research note on Thursday, September 25th. UBS Group reaffirmed a “buy” rating and set a GBX 4,700 price target on shares of 3i Group in a research report on Friday, November 7th. Finally, Citigroup lifted their price objective on shares of 3i Group from GBX 5,000 to GBX 5,150 and gave the company a “buy” rating in a report on Thursday, October 30th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 4,816.67.

3i Group Stock Performance

The company has a market cap of £33.94 billion, a P/E ratio of 6.62, a price-to-earnings-growth ratio of -0.35 and a beta of 1.01. The stock has a 50 day moving average price of GBX 4,167.48 and a two-hundred day moving average price of GBX 4,140.55. The company has a quick ratio of 0.09, a current ratio of 3.25 and a debt-to-equity ratio of 6.20.

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.