3i Group (LON:III) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• 3i Group (LON:III) shares have surpassed their two hundred day moving average, trading at GBX 4,269.82 ($57.24) after reaching a high of GBX 4,318 ($57.88).
• Analysts show strong confidence in the stock, with four research analysts rating it as a "Buy" and an average target price of GBX 4,716.67.
• The company holds a market cap of £42.60 billion and exhibits a debt-to-equity ratio of 6.20, indicating substantial leverage in its capital structure.

3i Group (LON:III - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 4,088.79 ($54.81) and traded as high as GBX 4,318 ($57.88). 3i Group shares last traded at GBX 4,269.82 ($57.24), with a volume of 965,061 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on III shares. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of 3i Group in a report on Friday, July 25th. UBS Group upgraded shares of 3i Group to a "buy" rating and lifted their target price for the company from GBX 4,450 to GBX 4,700 in a report on Thursday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of 3i Group from GBX 4,500 to GBX 4,600 and gave the company a "buy" rating in a report on Thursday, September 25th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of GBX 4,716.67.

3i Group Price Performance

The company has a debt-to-equity ratio of 6.20, a quick ratio of 0.09 and a current ratio of 3.25. The firm has a market cap of £42.60 billion, a price-to-earnings ratio of 8.30, a price-to-earnings-growth ratio of -0.35 and a beta of 1.01. The company's fifty day moving average is GBX 4,065.48 and its two-hundred day moving average is GBX 4,088.79.

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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