3i Group (LON:III) Reaches New 1-Year Low - Here's Why

Key Points

• 3i Group's share price hit a new 52-week low, trading as low as GBX 2,584 and last at GBX 2,666 on heavy volume, down from a prior close of GBX 2,701.
• Analysts are mixed but the consensus is a Moderate Buy with an average price target of GBX 4,000 (four Buy ratings vs. one Sell), although Deutsche Bank and RBC recently cut targets.
• Notable fundamentals and insider activity: market cap £27.14bn, P/E 4.11 and debt-to-equity 4.59, while insider Simon Borrows made a notable purchase of 30,000 shares at GBX 3,490.

3i Group (LON:III - Get Free Report)'s share price hit a new 52-week low on Tuesday . The company traded as low as GBX 2,584 and last traded at GBX 2,666, with a volume of 156685938 shares. The stock had previously closed at GBX 2,701.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. UBS Group restated a "buy" rating and set a GBX 4,000 price objective on shares of 3i Group in a report on Friday, January 16th. Deutsche Bank Aktiengesellschaft reduced their target price on 3i Group from GBX 4,300 to GBX 4,200 and set a "buy" rating on the stock in a research report on Monday, January 12th. Finally, Royal Bank Of Canada cut 3i Group to an "underperform" rating and lowered their price target for the company from GBX 3,250 to GBX 3,000 in a report on Monday, January 26th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 4,000.

3i Group Stock Performance

The stock has a 50 day simple moving average of GBX 3,189.24 and a 200 day simple moving average of GBX 3,535.65. The company has a market cap of £27.14 billion, a price-to-earnings ratio of 4.11, a PEG ratio of -0.35 and a beta of 1.02. The company has a quick ratio of 0.09, a current ratio of 5.32 and a debt-to-equity ratio of 4.59.

Insider Activity at 3i Group

In related news, insider Simon Borrows purchased 30,000 shares of 3i Group stock in a transaction that occurred on Thursday, January 29th. The shares were purchased at an average cost of GBX 3,490 per share, with a total value of £1,047,000. In the last quarter, insiders bought 30,009 shares of company stock worth $104,729,139. Company insiders own 2.08% of the company's stock.

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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