3i Group (OTCMKTS:TGOPY) Shares Down 3.7% - What's Next?

Key Points

• 3i Group (TGOPY) shares fell 3.7% intraday to as low as $13.83 and last traded at $13.90, with volume of 898,603 shares — a 158% increase versus average session volume.
• Analyst activity is bullish: UBS upgraded to "buy" and Sanford C. Bernstein initiated coverage at "outperform," leaving a MarketBeat consensus of Moderate Buy (three Buys, one Hold).
• The stock is trading below key technicals, with a 50-day simple moving average of $14.12 and a 200-day SMA of $21.60, implying it's well under its long-term average.

3i Group plc - Unsponsored ADR (OTCMKTS:TGOPY - Get Free Report) fell 3.7% during mid-day trading on Tuesday . The stock traded as low as $13.83 and last traded at $13.90. 898,603 shares were traded during mid-day trading, an increase of 158% from the average session volume of 347,639 shares. The stock had previously closed at $14.43.

Wall Street Analyst Weigh In

TGOPY has been the topic of a number of recent research reports. UBS Group upgraded 3i Group from a "hold" rating to a "buy" rating in a research note on Thursday, October 2nd. Sanford C. Bernstein assumed coverage on 3i Group in a research report on Thursday, September 18th. They set an "outperform" rating on the stock. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, 3i Group has a consensus rating of "Moderate Buy".

3i Group Price Performance

The stock has a 50-day simple moving average of $14.12 and a 200-day simple moving average of $21.60.

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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