3i Group (LON:III) Hits New 1-Year High – Here’s Why

3i Group (LON:III) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 3,470 ($45.17) and last traded at GBX 3,465 ($45.11), with a volume of 27294766 shares changing hands. The stock had previously closed at GBX 3,340 ($43.48).

Wall Street Analyst Weigh In

Separately, Citigroup reissued a “buy” rating and set a GBX 3,800 ($49.47) price objective on shares of 3i Group in a research note on Monday, July 15th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,148 ($40.98).

3i Group Stock Performance

The firm’s 50-day simple moving average is GBX 3,247.10 and its two-hundred day simple moving average is GBX 3,077.74. The company has a current ratio of 3.23, a quick ratio of 0.09 and a debt-to-equity ratio of 6.20. The stock has a market capitalization of £33.52 billion, a PE ratio of 841.31, a PEG ratio of -0.35 and a beta of 1.01.

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.