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3i Group (LON:III) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

3i Group logo with Finance background

3i Group (LON:III - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,952.58 ($53.02) and traded as high as GBX 4,240 ($56.87). 3i Group shares last traded at GBX 4,210 ($56.47), with a volume of 63,567,648 shares traded.

Analyst Ratings Changes

Separately, Citigroup reiterated a "buy" rating and set a GBX 4,850 ($65.06) price objective on shares of 3i Group in a research note on Tuesday, April 15th.

Read Our Latest Stock Analysis on III

3i Group Stock Performance

The stock has a market capitalization of £41.90 billion, a P/E ratio of 10.95, a price-to-earnings-growth ratio of -0.35 and a beta of 1.01. 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 company has a 50 day simple moving average of GBX 4,125.23 and a 200-day simple moving average of GBX 3,965.27.

3i Group (LON:III - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported GBX 522 ($7.00) EPS for the quarter. 3i Group had a return on equity of 19.97% and a net margin of 96.45%. On average, equities analysts forecast that 3i Group will post 622.7106227 EPS for the current year.

Insider Buying and Selling at 3i Group

In other 3i Group news, insider Jasi Halai sold 6,387 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of GBX 4,057 ($54.42), for a total value of £259,120.59 ($347,579.60). Also, insider James Hatchley sold 15,918 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of GBX 4,057 ($54.42), for a total transaction of £645,793.26 ($866,255.21). 3.02% of the stock is currently owned by corporate insiders.

About 3i Group

(Get Free Report)

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.

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