3i Group (LON:III) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• 3i Group shares have crossed above their 200-day moving average, indicating potential bullish momentum, with the stock last trading at GBX 4,038 ($54.48).
• JPMorgan Chase & Co. has reaffirmed an "overweight" rating on the stock, contributing to its average rating of "Buy" and a target price of GBX 4,850.
• Insiders have recently sold shares at an average price of GBX 4,057, while only 3.02% of the stock is currently held by company insiders.

3i Group (LON:III - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,027.64 ($54.19) and traded as high as GBX 4,038 ($54.33). 3i Group shares last traded at GBX 4,038 ($54.33), with a volume of 2,997,149 shares changing hands.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reiterated an "overweight" rating on shares of 3i Group in a report on Friday, July 25th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of GBX 4,850.

3i Group Trading Up 0.9%

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 stock has a market capitalization of £39.68 billion, a price-to-earnings ratio of 10.37, a PEG ratio of -0.35 and a beta of 1.01. The business has a 50 day simple moving average of GBX 4,126.57 and a 200-day simple moving average of GBX 4,032.67.

Insider Transactions at 3i Group

In other news, insider James Hatchley sold 15,918 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of GBX 4,057, for a total transaction of £645,793.26. Also, insider Jasi Halai sold 6,387 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of GBX 4,057, for a total value of £259,120.59. Over the last three months, insiders acquired 11 shares of company stock valued at $45,125. Insiders own 3.02% of the company's stock.

About 3i Group

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.