The stock of 3i Group plc (LON:III) hit a new 52-week high and has GBX 712.79 target or 6.00% above today’s GBX 672.44 share price. The 7 months bullish chart indicates low risk for the GBX 6.54 billion company. The 1-year high was reported on Nov, 29 by Barchart.com. If the GBX 712.79 price target is reached, the company will be worth GBX 392.40M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 0.45% or GBX 3.06 on November 29, hitting GBX 672.44. About 2.40 million shares traded hands or 8.11% up from the average. 3i Group plc (LON:III) has risen 59.15% since March 25, 2016 and is uptrending. It has outperformed by 53.89% the S&P500.
3i Group plc (LON:III) Ratings Coverage
Out of 8 analysts covering 3i Group PLC (LON:III), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. GBX 795 is the highest target while GBX 190 is the lowest. The GBX 613.67 average target is -8.74% below today’s (GBX 672.44) stock price. 3i Group PLC has been the topic of 42 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, November 10 by Canaccord Genuity. On Monday, December 7 the stock rating was maintained by RBC Capital Markets with “Outperform”. On Friday, November 13 the stock rating was maintained by Barclays Capital with “Overweight”. As per Thursday, July 28, the company rating was maintained by Barclays Capital. The stock has “Overweight” rating given by Barclays Capital on Thursday, July 21. The rating was maintained by Canaccord Genuity on Monday, May 23 with “Buy”. Canaccord Genuity maintained it with “Buy” rating and GBX 595 target price in Friday, May 20 report. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, September 29. On Wednesday, July 27 the stock rating was maintained by Canaccord Genuity with “Buy”. Barclays Capital maintained the shares of III in a report on Friday, January 29 with “Overweight” rating.
More news for 3i Group plc (LON:III) were recently published by: Moodys.com, which released: “Moody’s upgrades ratings of 3i Group plc to Baa1 with stable outlook” on September 21, 2015. Fool.Co.Uk‘s article titled: “Why 3i Group plc looks set to beat Barclays plc” and published on June 17, 2016 is yet another important article.
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 has a market cap of 6.54 billion GBP. 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. It has a 4.02 P/E ratio. The Company’s Infrastructure business includes investment and asset management to generate capital returns and cash income and focuses on the United Kingdom and Europe.
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