3i Group (LON:III) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

3i Group (LON:III)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 3,029.18 ($39.56) and traded as high as GBX 3,351 ($43.76). 3i Group shares last traded at GBX 3,326 ($43.43), with a volume of 927,389 shares changing hands.

Analyst Ratings Changes

III has been the topic of a number of recent research reports. Citigroup restated a “buy” rating and set a GBX 3,800 ($49.62) price objective on shares of 3i Group in a research note on Monday, July 15th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of 3i Group in a research note on Friday, June 28th. Finally, Morgan Stanley cut 3i Group to an “equal weight” rating and cut their price target for the stock from GBX 3,246 ($42.39) to GBX 3,192 ($41.68) in a research note on Wednesday, July 3rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, 3i Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,148 ($41.11).

3i Group Trading Down 0.4 %

The company has a market cap of £32.82 billion, a P/E ratio of 857.18, a P/E/G ratio of -0.35 and a beta of 1.01. The business has a fifty day simple moving average of GBX 3,208.66 and a 200 day simple moving average of GBX 3,037.44. The company has a debt-to-equity ratio of 6.20, a quick ratio of 0.09 and a current ratio of 3.23.

Insider Activity at 3i Group

In other 3i Group news, insider Peter McKellar bought 542 shares of the stock in a transaction on Wednesday, July 31st. The stock was purchased at an average price of GBX 3,113 ($40.65) per share, for a total transaction of £16,872.46 ($22,032.46). In the last ninety days, insiders have bought 551 shares of company stock valued at $1,716,495. Corporate insiders own 3.02% of the company’s stock.

3i Group Company Profile

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.