3i Group (LON:III) Shares Pass Above 200 Day Moving Average - What's Next?

Key Points

• 3i Group's shares recently surpassed their 200-day moving average, trading as high as GBX 4,123 ($55.66), with the last price at GBX 4,095 ($55.28).
• Wall Street analysts maintain an "overweight" rating on the stock, with a current average price target of GBX 4,850.
• Insider trading activity includes significant sales of shares by two insiders, totaling over £900,000, while insiders currently own 3.02% of the company.

3i Group (LON:III - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 4,033.56 ($54.45) and traded as high as GBX 4,123 ($55.66). 3i Group shares last traded at GBX 4,095 ($55.28), with a volume of 1,601,718 shares traded.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reaffirmed 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 data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of GBX 4,850.

3i Group Stock Up 0.2%

The stock has a fifty day moving average price of GBX 4,125.83 and a 200 day moving average price of GBX 4,033.56. 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 £39.61 billion, a P/E ratio of 10.35, a price-to-earnings-growth ratio of -0.35 and a beta of 1.01.

Insiders Place Their Bets

In related news, insider James Hatchley sold 15,918 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of GBX 4,057, for a total value of £645,793.26. Also, insider Jasi Halai sold 6,387 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of GBX 4,057, for a total value of £259,120.59. Insiders purchased 11 shares of company stock worth $45,125 in the last quarter. 3.02% of the stock is currently owned by company insiders.

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.

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