3i Group (III) Shares Down 9,927.5%
3i Group plc (LON:III) fell 9,927.5% during trading on Thursday . The company traded as low as GBX 907 ($12.13) and last traded at GBX 912.50 ($12.20). 160,975 shares traded hands during trading, a decline of 91% from the average session volume of 1,840,000 shares. The stock had previously closed at GBX 9.10 ($0.12).
A number of research analysts recently weighed in on III shares. Barclays reaffirmed an “overweight” rating and issued a GBX 1,000 ($13.37) target price on shares of 3i Group in a research report on Tuesday, September 19th. Canaccord Genuity raised their target price on shares of 3i Group from GBX 975 ($13.04) to GBX 1,030 ($13.77) and gave the company a “buy” rating in a research report on Friday, November 24th. Finally, Societe Generale reaffirmed a “buy” rating and issued a GBX 1,020 ($13.64) target price on shares of 3i Group in a research report on Friday, November 17th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. 3i Group has an average rating of “Buy” and a consensus price target of GBX 969.17 ($12.96).
The company has a market capitalization of $8,850.00 and a PE ratio of 708.98.
About 3i Group
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.
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