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

3i Group (LON:III) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 3,048.75 ($39.58) and traded as high as GBX 3,309 ($42.96). 3i Group shares last traded at GBX 3,281 ($42.60), with a volume of 948,371 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on III shares. Citigroup reiterated a “buy” rating and set a GBX 3,800 ($49.34) price target on shares of 3i Group in a research report on Monday, July 15th. Morgan Stanley cut 3i Group to an “equal weight” rating and decreased their price objective for the stock from GBX 3,246 ($42.14) to GBX 3,192 ($41.44) in a research note on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of 3i Group in a research report on Friday, June 28th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 3,148 ($40.87).

3i Group Trading Down 0.1 %

The stock has a market capitalization of £31.61 billion, a price-to-earnings ratio of 825.69, a PEG ratio of -0.35 and a beta of 1.01. The company has a debt-to-equity ratio of 6.20, a current ratio of 3.23 and a quick ratio of 0.09. The business has a 50 day simple moving average of GBX 3,237.96 and a 200-day simple moving average of GBX 3,055.31.

Insider Buying and Selling

In related news, insider Peter McKellar purchased 542 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were purchased at an average price of GBX 3,113 ($40.42) per share, with a total value of £16,872.46 ($21,906.60). In the last three months, insiders acquired 551 shares of company stock valued at $1,716,495. 3.02% of the stock is owned by corporate insiders.

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.