3i Group (OTCMKTS:TGOPY) Reaches New 12-Month Low – Here’s Why

Shares of 3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY) hit a new 52-week low during trading on Wednesday . The stock traded as low as $9.50 and last traded at $9.51, with a volume of 566990 shares trading hands. The stock had previously closed at $10.10.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TGOPY shares. Royal Bank Of Canada cut shares of 3i Group from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of 3i Group in a research note on Friday, January 30th. Four investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, 3i Group presently has an average rating of “Hold”.

3i Group Trading Down 4.8%

The stock’s 50-day moving average is $11.00 and its two-hundred day moving average is $12.08.

About 3i Group

3i Group plc is a London‑based international investment manager that specializes in private equity, infrastructure and debt investments. The company deploys capital both from its own balance sheet and through managed funds on behalf of institutional investors, targeting mid‑market buyouts, growth capital and core infrastructure assets. Its private equity activity typically focuses on acquiring, developing and exiting businesses through active ownership and operational improvement, while its infrastructure arm invests in long‑life assets that generate steady cash flows.

3i manages a portfolio of companies across a range of industry sectors, including business and financial services, industrials, consumer and healthcare, and technology.