3i Group (LON:III) Trading Down 17.4% After Analyst Downgrade

3i Group (LON:III) shares fell 17.4% on Thursday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from GBX 4,600 to GBX 4,300. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. 3i Group traded as low as GBX 3,295 and last traded at GBX 3,360. 7,001,480 shares were traded during trading, an increase of 31% from the average session volume of 5,335,145 shares. The stock had previously closed at GBX 4,069.

III has been the topic of a number of other research reports. UBS Group reiterated a “buy” rating and set a GBX 4,700 price target on shares of 3i Group in a report on Friday, November 7th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of 3i Group in a research report on Friday, July 25th. Finally, Citigroup restated a “buy” rating and issued a GBX 4,800 price target on shares of 3i Group in a report on Friday. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 4,600.

Insider Buying and Selling

In related news, insider Peter McKellar bought 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were bought at an average price of GBX 3,345 per share, with a total value of £133,800. Also, insider Simon Borrows purchased 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The shares were bought at an average price of GBX 3,367 per share, with a total value of £1,010,100. Insiders have acquired a total of 34,007 shares of company stock valued at $114,419,647 over the last three months. Corporate insiders own 2.14% of the company’s stock.

3i Group Trading Down 1.3%

The stock has a market capitalization of £32.69 billion, a PE ratio of 6.37, a price-to-earnings-growth ratio of -0.35 and a beta of 1.01. The company has a current ratio of 3.25, a quick ratio of 0.09 and a debt-to-equity ratio of 6.20. The firm has a 50-day moving average price of GBX 4,144.45 and a 200-day moving average price of GBX 4,128.63.

3i Group (LON:III) last issued its quarterly earnings results on Thursday, November 13th. The company reported GBX 340.20 earnings per share for the quarter. 3i Group had a net margin of 96.45% and a return on equity of 19.97%. As a group, equities analysts forecast that 3i Group will post 622.7106227 EPS for the current fiscal year.

About 3i Group

3i is an investment company specialising in Private Equity and Infrastructure. We invest in mid-market companies headquartered in Europe and North America.

We generate attractive returns for our shareholders and co-investors by investing in private equity and infrastructure assets.

As proprietary capital investors we have a long-term, responsible approach.

We aim to compound value through thoughtful origination, disciplined investment and active management of our assets, driving sustainable growth in our investment companies.