3i Group (OTCMKTS:TGOPY) Sets New 1-Year High - Here's Why

Key Points

• 3i Group stock reached a new 52-week high of $15.18 during trading, marking an increase from its previous close of $14.64.
• Brokerages have shown positive sentiment, with Sanford C. Bernstein issuing an "outperform" rating and UBS Group upgrading the stock from "neutral" to "buy."
• The company is a private equity firm focusing on mature companies, growth capital, and infrastructure financing across multiple regions, including the UK, Europe, Asia, and North America.

3i Group plc - Unsponsored ADR (OTCMKTS:TGOPY - Get Free Report)'s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $15.18 and last traded at $15.14, with a volume of 157183 shares changing hands. The stock had previously closed at $14.64.

Wall Street Analyst Weigh In

Several brokerages have commented on TGOPY. Sanford C. Bernstein began coverage on shares of 3i Group in a report on Thursday, September 18th. They issued an "outperform" rating for the company. UBS Group upgraded shares of 3i Group from a "neutral" rating to a "buy" rating in a research report on Thursday. Finally, Kepler Capital Markets upgraded shares of 3i Group to a "hold" rating in a research report on Tuesday, July 8th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy".

3i Group Stock Performance

The firm's 50 day moving average is $16.74 and its 200 day moving average is $23.75.

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.

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