3i Group (LON:III) Reaches New 1-Year High Following Analyst Upgrade

Key Points

• 3i Group shares reached a new 52-week high after UBS Group upgraded its stock rating to buy, raising the price target from GBX 4,450 to GBX 4,700.
• Other analysts, including JPMorgan Chase and Deutsche Bank, have also rated 3i Group positively, contributing to a consensus rating of "Buy" with a price target average of GBX 4,716.67.
• As of the latest trading, 3i Group was priced at GBX 4,330 with a market capitalization of £41.80 billion.

3i Group (LON:III - Get Free Report) shares reached a new 52-week high during trading on Friday after UBS Group upgraded the stock to a buy rating. UBS Group now has a GBX 4,700 price target on the stock, up from their previous price target of GBX 4,450. 3i Group traded as high as GBX 4,426 ($59.50) and last traded at GBX 4,330 ($58.21), with a volume of 4010506 shares traded. The stock had previously closed at GBX 4,310 ($57.94).

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of 3i Group in a report on Friday, July 25th. Deutsche Bank Aktiengesellschaft upped their target price on 3i Group from GBX 4,500 to GBX 4,600 and gave the company a "buy" rating in a research report on Thursday, September 25th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, 3i Group currently has a consensus rating of "Buy" and a consensus price target of GBX 4,716.67.

3i Group Stock Up 0.5%

The firm has a market cap of £41.80 billion, a price-to-earnings ratio of 831.73, a PEG ratio of -0.35 and a beta of 1.01. 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 firm has a fifty day moving average price of GBX 4,012.91 and a 200-day moving average price of GBX 4,031.59.

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.

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