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

Key Points

• 3i Group's stock price recently surpassed its two hundred day moving average, reaching a high of GBX 4,425 ($59.09) and closing at GBX 4,328 ($57.80).
• Research reports from leading analysts like UBS and Deutsche Bank have recently upgraded 3i Group's rating to "buy," with the current consensus price target set at GBX 4,716.67.
• The company maintains a strong financial position, evidenced by a market cap of £42.65 billion and a current ratio of 3.25, indicating effective liquidity management.

Shares of 3i Group (LON:III - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 4,056.63 ($54.18) and traded as high as GBX 4,425 ($59.09). 3i Group shares last traded at GBX 4,328 ($57.80), with a volume of 963,769 shares changing hands.

Analysts Set New Price Targets

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

3i Group Stock Performance

The company has a quick ratio of 0.09, a current ratio of 3.25 and a debt-to-equity ratio of 6.20. The company has a market cap of £42.65 billion, a PE ratio of 831.35, a P/E/G ratio of -0.35 and a beta of 1.01. The stock's 50 day simple moving average is GBX 4,038.48 and its two-hundred day simple moving average is GBX 4,056.63.

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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