3i Group (LON:III) Shares Cross Above 200 Day Moving Average - Should You Sell?

Key Points

• The share price of 3i Group recently exceeded its 200-day moving average, trading at GBX 4,274 ($57.44), which signals potential market interest.
• Analysts from JPMorgan Chase & Co. and Citigroup have rated 3i Group as "overweight" and "buy," respectively, with Citigroup setting a target price of GBX 4,850 ($65.18).
• Insider transactions include sales of stocks by James Hatchley and Jasi Halai, collectively amounting to over £900,000 ($1.2 million), indicating potential insider confidence or strategic repositioning.

3i Group (LON:III - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,982.09 ($53.51) and traded as high as GBX 4,339 ($58.30). 3i Group shares last traded at GBX 4,274 ($57.43), with a volume of 1,234,124 shares traded.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Citigroup reiterated a "buy" rating and issued a GBX 4,850 ($65.17) target price on shares of 3i Group in a report on Tuesday, April 15th. JPMorgan Chase & Co. restated an "overweight" rating on shares of 3i Group in a report on Friday.

3i Group Stock Performance

The company has a debt-to-equity ratio of 6.20, a current ratio of 3.25 and a quick ratio of 0.09. The firm has a market capitalization of £39.70 billion, a price-to-earnings ratio of 10.37, a PEG ratio of -0.35 and a beta of 1.01. The firm's fifty day moving average is GBX 4,144.75 and its 200 day moving average is GBX 3,990.35.

3i Group (LON:III - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The company reported GBX 522 ($7.01) EPS for the quarter. 3i Group had a net margin of 96.45% and a return on equity of 19.97%. On average, analysts predict that 3i Group will post 622.7106227 EPS for the current fiscal year.

Insider Activity at 3i Group

In related news, insider James Hatchley sold 15,918 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of GBX 4,057 ($54.51), for a total transaction of £645,793.26 ($867,768.42). Also, insider Jasi Halai sold 6,387 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of GBX 4,057 ($54.51), for a total transaction of £259,120.59 ($348,186.76). 3.02% of the stock is currently owned by company insiders.

3i Group Company Profile

3i is an investment company with two complementary businesses, Private Equity and Infrastructure. We focus on opportunities where our sector and investment expertise, combined with our international presence and strong capital position, can create material value for our stakeholders.