3i Group (OTCMKTS:TGOPY) Shares Gap Down – Should You Sell?

3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY) shares gapped down before the market opened on Thursday . The stock had previously closed at $10.90, but opened at $10.25. 3i Group shares last traded at $10.09, with a volume of 168,795 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Kepler Capital Markets downgraded 3i Group from a “hold” rating to a “strong sell” rating in a report on Friday, November 14th. Citigroup reaffirmed a “buy” rating on shares of 3i Group in a research note on Friday, November 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of 3i Group in a report on Friday, January 30th. Finally, Royal Bank Of Canada lowered shares of 3i Group from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Four investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, 3i Group presently has an average rating of “Hold”.

3i Group Price Performance

The firm has a 50 day moving average of $11.18 and a 200-day moving average of $12.33.

3i Group Company Profile

3i Group plc is a London?based international investment manager that specializes in private equity, infrastructure and debt investments. The company deploys capital both from its own balance sheet and through managed funds on behalf of institutional investors, targeting mid?market buyouts, growth capital and core infrastructure assets. Its private equity activity typically focuses on acquiring, developing and exiting businesses through active ownership and operational improvement, while its infrastructure arm invests in long?life assets that generate steady cash flows.

3i manages a portfolio of companies across a range of industry sectors, including business and financial services, industrials, consumer and healthcare, and technology.