3i Group plc (LON:III) had its target price increased by stock analysts at Canaccord Genuity from GBX 720 ($9.40) to GBX 780 ($10.18) in a research report issued on Tuesday. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity’s target price would indicate a potential upside of 15.81% from the company’s current price.
III has been the subject of several other research reports. Barclays PLC reduced their price objective on shares of 3i Group plc from GBX 610 ($7.96) to GBX 595 ($7.77) and set an “overweight” rating for the company in a research note on Thursday, June 30th. Societe Generale reiterated a “buy” rating and issued a GBX 730 ($9.53) price objective (up previously from GBX 700 ($9.14)) on shares of 3i Group plc in a research note on Monday, August 1st. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a GBX 640 ($8.35) price objective on shares of 3i Group plc in a research note on Wednesday, August 3rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. 3i Group plc has an average rating of “Buy” and a consensus target price of GBX 592.83 ($7.74).
3i Group plc (LON:III) opened at 673.50 on Tuesday. The firm’s market capitalization is GBX 6.44 billion. 3i Group plc has a 12-month low of GBX 389.10 and a 12-month high of GBX 675.50. The firm has a 50-day moving average of GBX 5.58 and a 200 day moving average of GBX 4.86.
In other 3i Group plc news, insider Wilson,Julia sold 54,340 shares of the firm’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of GBX 621 ($8.11), for a total transaction of £337,451.40 ($440,479.57).
3i Group plc Company Profile
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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