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

Key Points

• Shares of 3i Group plc gapped down from a previous close of $13.42 to open at $12.95, last trading at $13.18.
• Wall Street analysts have mixed ratings on 3i Group, with a consensus rating of “Moderate Buy” from two analysts rating it as Buy and one as Hold.
• The company specializes in private equity, focusing on mature companies and various types of investments including infrastructure financing and corporate debt.

Shares of 3i Group plc - Unsponsored ADR (OTCMKTS:TGOPY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $13.42, but opened at $12.95. 3i Group shares last traded at $13.18, with a volume of 37,063 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TGOPY shares. Kepler Capital Markets raised 3i Group to a "hold" rating in a report on Tuesday, July 8th. Sanford C. Bernstein started coverage on 3i Group in a report on Thursday, September 18th. They issued an "outperform" rating for the company. Two investment 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, 3i Group has a consensus rating of "Moderate Buy".

3i Group Price Performance

The company has a 50-day simple moving average of $18.92 and a 200-day simple moving average of $24.26.

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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