The 3i Group plc (III) Stock Price Up 1.9%

The 3i Group plc (III) Stock Price Up 1.9%

3i Group plc (LON:III) shares rose 1.9% during trading on Thursday . The company traded as high as GBX 964.50 ($12.73) and last traded at GBX 960.50 ($12.67). Approximately 1,483,663 shares were traded during trading, an increase of 438% from the average daily volume of 275,723 shares. The stock had previously closed at GBX 943 ($12.44).

III has been the topic of a number of analyst reports. Societe Generale reaffirmed a “buy” rating and set a GBX 1,020 ($13.46) target price on shares of 3i Group plc in a research note on Tuesday, September 19th. Citigroup Inc upped their target price on 3i Group plc from GBX 980 ($12.93) to GBX 1,000 ($13.20) and gave the company a “neutral” rating in a research note on Thursday, August 10th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a GBX 1,000 ($13.20) target price on shares of 3i Group plc in a research note on Tuesday, September 19th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 960 ($12.67).

The stock’s market cap is GBX 9.23 billion. The stock has a 50-day moving average of GBX 6.80 and a 200 day moving average of GBX 6.50.

About 3i Group plc

3i Group plc is an investment company with approximately three complementary businesses, Private Equity, Infrastructure and Debt Management, specializing in core investment markets in northern Europe and North America. The Company’s Private Equity business includes investment and asset management to generate capital returns, and is focused on consumer, industrial and business services sectors.

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