3i (III) Given Consensus Rating of “Buy” by Brokerages
Shares of 3i (LON:III) have earned a consensus recommendation of “Buy” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is GBX 960 ($12.63).
Several brokerages have recently weighed in on III. Societe Generale reiterated a “buy” rating and issued a GBX 1,020 ($13.42) price target on shares of 3i in a research report on Friday, November 17th. Citigroup Inc. lifted their price target on 3i from GBX 980 ($12.89) to GBX 1,000 ($13.15) and gave the company a “neutral” rating in a research report on Thursday, August 10th. Finally, Barclays PLC reiterated an “overweight” rating and issued a GBX 1,000 ($13.15) price target on shares of 3i in a research report on Tuesday, September 19th.
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3i (LON III) opened at GBX 909 ($11.96) on Thursday. 3i has a 52-week low of GBX 639 ($8.40) and a 52-week high of GBX 975 ($12.82).
3i Company Profile
3i Group plc is an investment company with approximately three complementary businesses, Private Equity, Infrastructure and Debt Management, specializing in core investment markets in northern Europe and North America. The Company’s Private Equity business includes investment and asset management to generate capital returns, and is focused on consumer, industrial and business services sectors.
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