3i Group (LON:III) Stock Price Passes Above 200-Day Moving Average – What’s Next?

3i Group (LON:III)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,029.18 ($39.56) and traded as high as GBX 3,351 ($43.76). 3i Group shares last traded at GBX 3,326 ($43.43), with a volume of 927,389 shares.

Wall Street Analysts Forecast Growth

III has been the subject of several recent analyst reports. JPMorgan Chase & Co. restated an “overweight” rating on shares of 3i Group in a research note on Friday, June 28th. Morgan Stanley cut 3i Group to an “equal weight” rating and dropped their target price for the stock from GBX 3,246 ($42.39) to GBX 3,192 ($41.68) in a research report on Wednesday, July 3rd. Finally, Citigroup reiterated a “buy” rating and issued a GBX 3,800 ($49.62) price objective on shares of 3i Group in a research report 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 stock. According to data from MarketBeat, 3i Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 3,148 ($41.11).

3i Group Stock Down 0.4 %

The firm has a 50 day moving average of GBX 3,208.66 and a two-hundred day moving average of GBX 3,037.44. The stock has a market capitalization of £32.82 billion, a PE ratio of 857.18, a P/E/G ratio of -0.35 and a beta of 1.01. The company has a current ratio of 3.23, a quick ratio of 0.09 and a debt-to-equity ratio of 6.20.

Insider Activity

In other 3i Group news, insider Peter McKellar purchased 542 shares of 3i Group stock in a transaction on Wednesday, July 31st. The shares were bought at an average price of GBX 3,113 ($40.65) per share, with a total value of £16,872.46 ($22,032.46). Insiders bought a total of 551 shares of company stock worth $1,716,495 over the last 90 days. 3.02% of the stock is currently owned by corporate 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.