3i Group (OTCMKTS:TGOPY) Stock Price Up 0.7% - Here's Why

Key Points

• 3i Group's stock price rose 0.7% to $14.92 with a trading volume of 275,325 shares, which is a significant decline from the average daily volume.
• Wall Street analysts view the stock favorably, with three analysts rating it as a Buy and an average rating of "Moderate Buy" from investment research.
• 3i Group plc specializes in private equity investments focusing on mature companies, growth capital, and infrastructure financing across various regions including the UK, Europe, Asia, and North America.

3i Group plc - Unsponsored ADR (OTCMKTS:TGOPY - Get Free Report)'s share price rose 0.7% during trading on Wednesday . The company traded as high as $14.97 and last traded at $14.92. Approximately 275,325 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 488,700 shares. The stock had previously closed at $14.81.

Wall Street Analysts Forecast Growth

TGOPY has been the subject of a number of research reports. UBS Group raised 3i Group from a "hold" rating to a "buy" rating in a research note on Thursday, October 2nd. Sanford C. Bernstein initiated coverage on 3i Group in a research note on Thursday, September 18th. They issued an "outperform" rating for the company. Finally, Kepler Capital Markets raised 3i Group to a "hold" rating in a research note on Tuesday, July 8th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy".

3i Group Stock Up 0.7%

The stock has a fifty day moving average price of $15.70 and a two-hundred day moving average price of $23.48.

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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