3i Group (LON:III) Trading Down 16.9% Following Analyst Downgrade

3i Group (LON:III)’s stock price was down 16.9% 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 3,373 and last traded at GBX 3,380.97. Approximately 49,668,250 shares changed hands during mid-day trading, an increase of 798% from the average daily volume of 5,528,207 shares. The stock had previously closed at GBX 4,069.

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

Insider Activity at 3i Group

In other 3i Group news, insider Peter McKellar bought 4,000 shares of 3i Group stock in a transaction that occurred on Friday, November 14th. The stock was acquired at an average price of GBX 3,345 per share, for a total transaction of £133,800. Also, insider Simon Borrows bought 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was acquired at an average cost of GBX 3,367 per share, with a total value of £1,010,100. Insiders have bought a total of 34,007 shares of company stock valued at $114,419,647 over the last ninety days. Company insiders own 2.14% of the company’s stock.

3i Group Stock Performance

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

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