3i Group (LON:III) Trading Down 17.4% After Analyst Downgrade

3i Group (LON:III)’s share price was down 17.4% 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. Approximately 7,001,480 shares changed hands during trading, an increase of 31% from the average daily volume of 5,335,145 shares. The stock had previously closed at GBX 4,069.

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

Insider Transactions at 3i Group

In other 3i Group news, insider Peter McKellar bought 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was acquired at an average price of GBX 3,345 per share, with a total value 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. Over the last quarter, insiders have purchased 34,007 shares of company stock valued at $114,419,647. 2.14% of the stock is owned by corporate insiders.

3i Group Price Performance

The company’s fifty day moving average price is GBX 4,144.45 and its 200 day moving average price is GBX 4,128.63. 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 company has a market capitalization of £32.69 billion, a P/E ratio of 6.37, a PEG ratio of -0.35 and a beta of 1.01.

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%. As a group, sell-side analysts forecast that 3i Group will post 622.7106227 EPS for the current 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.