3i Group (LON:III) Stock Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• 3i Group shares moved above their 200-day moving average, reaching GBX 2,824 and closing at GBX 2,821, up 0.7% with substantial trading volume.
• Analysts remain broadly positive, with four Buy ratings and one Sell rating; the consensus is “Moderate Buy” with an average price target of GBX 3,601.75.
• Company insiders have been buying shares, including purchases by David Hutchison and Hemant Patel; insiders bought 5,677 shares worth approximately $16.6 million over the past 90 days.

3i Group (LON:III - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,708.28 and traded as high as GBX 2,824. 3i Group shares last traded at GBX 2,821, with a volume of 249,520,688 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. UBS Group restated a "buy" rating and set a GBX 3,600 price objective on shares of 3i Group in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 3,527 target price on shares of 3i Group in a research report on Friday, June 26th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of GBX 3,601.75.

3i Group Trading Up 0.7%

The business has a fifty day moving average of GBX 2,617.91 and a 200-day moving average of GBX 2,708.28. The stock has a market capitalization of £28.27 billion, a price-to-earnings ratio of 5.24, a price-to-earnings-growth ratio of -0.35 and a beta of 1.63. The company has a debt-to-equity ratio of 4.08, a current ratio of 131.80 and a quick ratio of 0.09.

Insider Activity at 3i Group

In other 3i Group news, insider David Hutchison bought 3,181 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The shares were acquired at an average cost of GBX 2,920 per share, for a total transaction of £92,885.20. Also, insider Hemant Patel bought 624 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The stock was acquired at an average price of GBX 2,920 per share, for a total transaction of £18,220.80. In the last 90 days, insiders have purchased 5,677 shares of company stock worth $16,576,840. Company insiders own 2.14% of the company's stock.

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.

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