3i Group (LON:III) Reaches New 12-Month Low at $1,042.00

3i Group plc (LON:IIIGet Rating)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as GBX 1,042 ($12.76) and last traded at GBX 1,042 ($12.76), with a volume of 221790 shares trading hands. The stock had previously closed at GBX 1,069 ($13.09).

III has been the topic of several research reports. Citigroup reaffirmed a “buy” rating and issued a GBX 1,444 ($17.69) target price on shares of 3i Group in a research report on Friday, March 25th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of 3i Group in a research note on Monday, March 28th. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 380 ($4.65) price target on shares of 3i Group in a research note on Thursday, March 24th. Barclays restated an “overweight” rating and set a GBX 1,840 ($22.54) target price on shares of 3i Group in a research note on Monday, May 30th. Finally, Morgan Stanley restated an “overweight” rating on shares of 3i Group in a research note on Wednesday, May 11th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 1,221.33 ($14.96).

The company’s fifty day moving average price is GBX 1,243.19 and its two-hundred day moving average price is GBX 1,320.76. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 7.75. The firm has a market cap of £10.71 billion and a P/E ratio of 2.62.

The business also recently declared a dividend, which will be paid on Friday, July 22nd. Investors of record on Thursday, June 16th will be given a dividend of GBX 27.25 ($0.33) per share. This is an increase from 3i Group’s previous dividend of $19.25. The ex-dividend date of this dividend is Thursday, June 16th. This represents a yield of 2.14%. 3i Group’s dividend payout ratio is 0.10%.

In related news, insider Julia Wilson sold 25,096 shares of the stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of GBX 1,252 ($15.34), for a total value of £314,201.92 ($384,862.71). Also, insider Jasi Halai sold 3,062 shares of the stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of GBX 1,215 ($14.88), for a total value of £37,203.30 ($45,569.94).

About 3i Group (LON:III)

3i Group plc is a private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins. The firm also provides infrastructure financing and debt management. For debt management, it invests in senior and mezzanine corporate debt in typically large and private companies in United Kingdom, Europe, Asia, and North America.

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