3i Group (LON:III) Rating Reiterated by Citigroup

3i Group (LON:III)‘s stock had its “buy” rating restated by equities research analysts at Citigroup in a note issued to investors on Monday, Digital Look reports. They currently have a GBX 3,800 ($48.67) price objective on the stock. Citigroup’s price objective points to a potential upside of 24.47% from the stock’s current price.

III has been the subject of a number of other reports. Barclays lifted their price objective on shares of 3i Group from GBX 2,815 ($36.06) to GBX 3,050 ($39.07) and gave the stock an “overweight” rating in a report on Friday, May 3rd. Morgan Stanley downgraded 3i Group to an “equal weight” rating and dropped their target price for the stock from GBX 3,246 ($41.58) to GBX 3,192 ($40.89) in a research report on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of 3i Group in a report on Friday, June 28th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,148 ($40.32).

3i Group Price Performance

Shares of III stock traded up GBX 37 ($0.47) during trading on Monday, hitting GBX 3,053 ($39.11). The company had a trading volume of 3,726,903 shares, compared to its average volume of 1,934,580. 3i Group has a 52 week low of GBX 1,858.50 ($23.81) and a 52 week high of GBX 3,180 ($40.73). The stock has a market capitalization of £29.72 billion, a price-to-earnings ratio of 663.91, a price-to-earnings-growth ratio of -0.35 and a beta of 1.03. The company has a quick ratio of 0.09, a current ratio of 1.48 and a debt-to-equity ratio of 6.74. The stock’s 50-day moving average is GBX 2,983.58 and its two-hundred day moving average is GBX 2,708.20.

Insider Buying and Selling

In related news, insider Alexandra Schaapveld acquired 7,100 shares of 3i Group stock in a transaction on Friday, May 10th. The shares were acquired at an average cost of GBX 2,821 ($36.13) per share, with a total value of £200,291 ($256,553.09). In other news, insider James Hatchley sold 23,027 shares of 3i Group stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of GBX 2,903 ($37.18), for a total value of £668,473.81 ($856,249.28). Also, insider Alexandra Schaapveld bought 7,100 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was purchased at an average cost of GBX 2,821 ($36.13) per share, with a total value of £200,291 ($256,553.09). Insiders have bought a total of 7,875 shares of company stock valued at $22,368,830 over the last three months. 3.39% of the stock is owned by company insiders.

About 3i Group

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.