3i Group (LON:III) Stock Price Passes Above 200-Day Moving Average - Here's Why

Key Points

• 3i Group shares rose above their 200-day moving average, reaching GBX 2,867 before last trading at GBX 2,834 on volume of 1.31 million shares.
• Analysts remain broadly positive: four rate the stock “Buy” and one rates it “Sell,” producing a “Moderate Buy” consensus and an average price target of GBX 3,601.75.
• Insiders have continued buying, with 5,677 shares purchased over the past 90 days; insiders collectively own 2.14% of the company.

3i Group (LON:III - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,688.97 and traded as high as GBX 2,867. 3i Group shares last traded at GBX 2,834, with a volume of 1,313,801 shares.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on III. UBS Group restated a "buy" rating and issued a GBX 3,600 price target on shares of 3i Group in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 3,527 price objective on shares of 3i Group in a research report on Friday, June 26th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of GBX 3,601.75.

3i Group Price Performance

The company has a quick ratio of 0.09, a current ratio of 131.80 and a debt-to-equity ratio of 4.08. The firm's fifty day moving average price is GBX 2,689.27 and its two-hundred day moving average price is GBX 2,688.97. The stock has a market capitalization of £28.40 billion, a PE ratio of 5.26, a PEG ratio of -0.35 and a beta of 1.63.

Insider Buying and Selling

In related news, insider Peter McKellar bought 624 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was acquired at an average cost of GBX 2,920 per share, for a total transaction of £18,220.80. Also, insider Coline McConville purchased 624 shares of the stock in a transaction dated Monday, August 3rd. The shares were purchased at an average cost of GBX 2,920 per share, for a total transaction of £18,220.80. Insiders have bought a total of 5,677 shares of company stock valued at $16,576,840 in the last ninety days. Corporate insiders own 2.14% of the company's stock.

3i Group Company Profile

3i is an investment company specialising in Private Equity and Infrastructure. We invest in mid-market companies headquartered in Europe and North America. We generate attractive returns for our shareholders and co-investors by investing in private equity and infrastructure assets. As proprietary capital investors we have a long-term, responsible approach. We aim to compound value through thoughtful origination, disciplined investment and active management of our assets, driving sustainable growth in our investment companies.

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