3i Group (LON:III) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

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) shares 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 ($54.03) and traded as high as GBX 4,123 ($55.22). 3i Group shares last traded at GBX 4,095 ($54.85), with a volume of 1,601,718 shares traded.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reiterated an "overweight" rating on shares of 3i Group in a research note on Friday, July 25th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of GBX 4,850.

3i Group Stock Performance

The company's 50 day moving average price is GBX 4,120.95 and its 200-day moving average price is GBX 4,031.99. 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 company has a market cap of £37.72 billion, a PE ratio of 750.47, a price-to-earnings-growth ratio of -0.35 and a beta of 1.01.

About 3i Group

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.