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

Key Points

• 3i Group's stock price has recently surpassed its 200-day moving average, indicating a positive trend, with shares last priced at GBX 4,130.40 ($54.82).
• JPMorgan Chase & Co. and Citigroup have both issued positive ratings on 3i Group, with Citigroup setting a price target of GBX 4,850 ($64.37).
• Insider trading activity saw notable sales, including Jasi Halai selling 6,387 shares, raising concerns about insider sentiment despite the company's robust financial performance.

3i Group (LON:III - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 4,004.46 ($53.22) and traded as high as GBX 4,150 ($55.16). 3i Group shares last traded at GBX 4,130.40 ($54.90), with a volume of 1,460,305 shares traded.

Wall Street Analyst Weigh In

A number of research firms have weighed in on III. Citigroup reissued a "buy" rating and set a GBX 4,850 ($64.46) target price on shares of 3i Group in a research report on Tuesday, April 15th. JPMorgan Chase & Co. reissued an "overweight" rating on shares of 3i Group in a research report on Friday, July 25th.

3i Group Stock Performance

The firm's fifty day moving average price is GBX 4,153.77 and its 200-day moving average price is GBX 4,009.19. The company has a current ratio of 3.25, a quick ratio of 0.09 and a debt-to-equity ratio of 6.20. The company has a market cap of £39.69 billion, a P/E ratio of 10.37, a P/E/G ratio of -0.35 and a beta of 1.01.

3i Group (LON:III - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported GBX 522 ($6.94) earnings per share (EPS) for the quarter. 3i Group had a net margin of 96.45% and a return on equity of 19.97%. As a group, research analysts forecast that 3i Group will post 622.7106227 EPS for the current fiscal year.

Insider Transactions at 3i Group

In related news, insider James Hatchley sold 15,918 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of GBX 4,057 ($53.92), for a total value of £645,793.26 ($858,311.08). Also, insider Jasi Halai sold 6,387 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of GBX 4,057 ($53.92), for a total transaction of £259,120.59 ($344,392.07). In the last three months, insiders purchased 11 shares of company stock worth $45,125. 3.02% of the stock is currently owned by insiders.

3i Group Company Profile

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.