3i Group (OTCMKTS:TGOPY) Sees Strong Trading Volume - What's Next?

Key Points

• 3i Group plc experienced a significant increase in trading volume, with approximately 784,367 shares traded on Thursday, marking a 126% rise from the previous session.
• Research analysts have rated 3i Group with an average rating of "Moderate Buy", with two analysts recommending a Buy and one a Hold.
• The company's current stock price is $13.54, compared to a 50-day moving average of $20.14, indicating potential undervaluation.

3i Group plc - Unsponsored ADR (OTCMKTS:TGOPY - Get Free Report) shares saw an uptick in trading volume on Thursday . 784,367 shares traded hands during mid-day trading, an increase of 126% from the previous session's volume of 346,330 shares.The stock last traded at $13.54 and had previously closed at $13.13.

Analyst Upgrades and Downgrades

Several research firms recently commented on TGOPY. Kepler Capital Markets raised shares of 3i Group to a "hold" rating in a research report on Tuesday, July 8th. Sanford C. Bernstein assumed coverage on shares of 3i Group in a research note on Thursday. They set an "outperform" rating on the stock. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, 3i Group has a consensus rating of "Moderate Buy".

3i Group Price Performance

The stock's fifty day moving average is $19.52 and its two-hundred day moving average is $24.42.

3i Group Company Profile

3i Group plc is a private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins. The firm also provides infrastructure financing and debt management. For debt management, it invests in senior and mezzanine corporate debt in typically large and private companies in United Kingdom, Europe, Asia, and North America.