3i Group (OTCMKTS:TGOPY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of 3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY) saw unusually-strong trading volume on Tuesday . Approximately 3,012,760 shares were traded during trading, an increase of 140% from the previous session’s volume of 1,257,659 shares.The stock last traded at $8.05 and had previously closed at $7.63.

Wall Street Analyst Weigh In

TGOPY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of 3i Group in a research report on Friday, January 30th. Royal Bank Of Canada lowered shares of 3i Group from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Four research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

3i Group Trading Up 5.6%

The business’s fifty day moving average price is $10.62 and its 200 day moving average price is $11.78.

About 3i Group

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.