3i Group plc (LON:III) had its price objective upped by Canaccord Genuity from GBX 720 ($9.40) to GBX 780 ($10.18) in a research note published on Tuesday morning. They currently have a buy rating on the stock.
Other analysts also recently issued research reports about the company. Societe Generale restated a buy rating and issued a GBX 730 ($9.53) target price (up previously from GBX 700 ($9.14)) on shares of 3i Group plc in a research note on Monday, August 1st. Citigroup Inc. restated a neutral rating and issued a GBX 640 ($8.35) target price on shares of 3i Group plc in a research note on Wednesday, August 3rd. Finally, Barclays PLC lowered their target price on 3i Group plc from GBX 610 ($7.96) to GBX 595 ($7.77) and set an overweight rating on the stock in a research note on Thursday, June 30th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of Buy and an average target price of GBX 592.83 ($7.74).
Shares of 3i Group plc (LON:III) opened at 675.00 on Tuesday. The company’s market cap is GBX 6.46 billion. 3i Group plc has a 1-year low of GBX 389.10 and a 1-year high of GBX 678.00. The firm has a 50-day moving average price of GBX 5.58 and a 200-day moving average price of GBX 4.87.
In other 3i Group plc news, insider Wilson,Julia sold 54,340 shares of the stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of GBX 621 ($8.11), for a total transaction of £337,451.40 ($440,479.57).
About 3i Group plc
3i Group plc is a United Kingdom-based investment manager focused on mid-market private equity, infrastructure and debt management. The Company invests in northern Europe and North America markets. The Company provides investment to private equities in various sectors, such as consumer, industrial and business services.
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