3i Group (LON:III) Posts Quarterly Earnings Results

by · The Markets Daily

3i Group (LON:III – Get Free Report) announced its quarterly earnings data on Thursday. The company reported GBX 340.20 earnings per share (EPS) for the quarter, Digital Look Earnings reports. 3i Group had a return on equity of 19.97% and a net margin of 96.45%.

3i Group Stock Down 1.3%

LON:III traded down GBX 42.72 during midday trading on Friday, hitting GBX 3,317.28. 550,380,313 shares of the company were exchanged, compared to its average volume of 7,790,422. The company has a fifty day simple moving average of GBX 4,144.45 and a 200 day simple moving average of GBX 4,129.08. 3i Group has a fifty-two week low of GBX 330.40 and a fifty-two week high of GBX 4,497. 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 company 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.

Analysts Set New Price Targets

III has been the subject of a number of recent research reports. UBS Group reiterated a “buy” rating and issued a GBX 4,700 price target on shares of 3i Group in a research note on Friday, November 7th. JPMorgan Chase & Co. restated an “overweight” rating on shares of 3i Group in a report on Friday, July 25th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of 3i Group from GBX 4,600 to GBX 4,300 and set a “buy” rating for the company in a research note on Thursday. Finally, Citigroup restated a “buy” rating and issued a GBX 4,800 price target on shares of 3i Group in a research note on Friday. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 4,600.

Get Our Latest Stock Analysis on III

Insider Buying and Selling at 3i Group

In other news, insider Simon Borrows bought 30,000 shares of 3i Group stock in a transaction dated Thursday, November 13th. The stock was acquired at an average cost of GBX 3,367 per share, with a total value of £1,010,100. Also, insider Peter McKellar purchased 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were purchased at an average price of GBX 3,345 per share, for a total transaction of £133,800. Insiders acquired 34,007 shares of company stock valued at $114,419,647 in the last 90 days. 2.14% of the stock is currently owned by insiders.

3i Group Company Profile

(Get Free Report)

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.

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