3i Group (OTCMKTS:TGOPY) Sees Strong Trading Volume – What’s Next?

3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY) saw unusually-high trading volume on Monday . Approximately 514,355 shares traded hands during mid-day trading, an increase of 29% from the previous session’s volume of 399,901 shares.The stock last traded at $10.1190 and had previously closed at $10.49.

Analyst Upgrades and Downgrades

TGOPY has been the subject of a number of analyst reports. Kepler Capital Markets lowered shares of 3i Group from a “hold” rating to a “strong sell” rating in a report on Friday, November 14th. Citigroup reiterated a “buy” rating on shares of 3i Group in a report on Friday, November 14th. Sanford C. Bernstein began coverage on 3i Group in a research note on Thursday, September 18th. They set an “outperform” rating on the stock. Finally, UBS Group upgraded 3i Group from a “hold” rating to a “buy” rating in a report on Thursday, October 2nd. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

3i Group Stock Performance

The firm has a 50 day simple moving average of $13.54 and a 200 day simple moving average of $20.01.

3i Group Company Profile

3i Group plc is a private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins. The firm also provides infrastructure financing and debt management. For debt management, it invests in senior and mezzanine corporate debt in typically large and private companies in United Kingdom, Europe, Asia, and North America.