A statement released earlier today by Canaccord Genuity about 3i Group PLC (LON:III) maintains the target price at 780.00GBX
- Updated: October 8, 2016
Yesterday 3i Group PLC (LON:III) traded 0.60% higher at 676.75GBX. The company’s 50-day moving average is 5.50GBX and its 200-day average is 4.85GBX. With the last close up 13,813.74% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time. 1,772,841 shares of 3i Group PLC exchanged hands, up from an avg. volume of 423,971
Canaccord Genuity hold steady the target of 3i Group PLC (LON:III) at 780.00GBX reporting a possible upside of 0.15%.
Previously on 10/04/2016, Canaccord Genuity released a statement about 3i Group PLC (LON:III) increased the target price from 720.00GBX to 780.00GBX. At the time, this indicated a possible upside of 0.17%.
With a total market value of 0 GBX, 3i Group PLC has price-earnings ratio of 7.92 with a one year low of 3.86GBX and a one year high of 678.00GBX .
A total of 8 brokers have reported on the stock. 2 firms rating the stock a strong buy, five brokerages rating the stock a buy, 2 analysts rating the company a hold, zero brokers rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of 620.25GBX.
About 3i Group PLC (LON:III)
3i Group plc is an investment company with approximately three complementary businesses, Private Equity, Infrastructure and Debt Management, specializing in core investment markets in northern Europe and North America. The Company's Private Equity business includes investment and asset management to generate capital returns, and is focused on consumer, industrial and business services sectors. Its Infrastructure business includes investment and asset management to generate capital returns and cash income and focuses on the United Kingdom and Europe. Its Debt Management business includes fund management and investment to generate recurring cash income, and invests in collateralized loan obligation (CLO) equity and seed capital in senior debt funds. Its subsidiaries include 3i Investments plc, 3i Debt Management Investments Limited, 3i BIFM Investments Limited, 3i Europe plc and 3i Nordic plc. 3i Investments plc is the investment manager of the Company.
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