3i Group (LON:III) Stock Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• 3i Group shares rose above their 200-day moving average, reaching GBX 2,816 before last trading at GBX 2,742 on volume of about 2.69 million shares.
• Analysts remain broadly positive: four rate the stock a Buy and one rates it a Sell, producing a consensus “Moderate Buy” rating and an average price target of GBX 3,601.75.
• Recent results showed GBX 539.40 quarterly EPS, while insiders purchased 70,442 shares worth approximately $159 million in the last quarter; the company’s market capitalization is about £27.48 billion.

3i Group (LON:III - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,727.65 and traded as high as GBX 2,816. 3i Group shares last traded at GBX 2,742, with a volume of 2,692,257 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. UBS Group reaffirmed a "buy" rating and issued a GBX 3,600 price target on shares of 3i Group in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 3,527 price objective on shares of 3i Group in a research note on Friday, June 26th. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of GBX 3,601.75.

3i Group Price Performance

The company has a 50 day moving average of GBX 2,544.08 and a 200 day moving average of GBX 2,727.65. The company has a current ratio of 131.80, a quick ratio of 0.09 and a debt-to-equity ratio of 4.08. The firm has a market cap of £27.48 billion, a price-to-earnings ratio of 5.09, a P/E/G ratio of -0.35 and a beta of 1.63.

3i Group (LON:III - Get Free Report) last posted its earnings results on Thursday, May 14th. The company reported GBX 539.40 earnings per share (EPS) for the quarter. The firm had revenue of GBX 549.60 billion during the quarter. 3i Group had a return on equity of 17.91% and a net margin of 1,236.92%. Equities research analysts predict that 3i Group will post 622.7106227 EPS for the current fiscal year.

Insider Buying and Selling at 3i Group

In related news, insider Peter McKellar bought 624 shares of the company's stock in a transaction on Monday, August 3rd. The shares were purchased at an average cost of GBX 2,920 per share, for a total transaction of £18,220.80. Also, insider David Hutchison purchased 3,181 shares of the business's stock in a transaction on Monday, August 3rd. The stock was bought at an average cost of GBX 2,920 per share, for a total transaction of £92,885.20. Insiders purchased 70,442 shares of company stock worth $159,038,689 in the last quarter. 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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