3i Group plc (LON:III)‘s stock had its “buy” rating reaffirmed by equities research analysts at Societe Generale in a research note issued to investors on Monday. They presently have a GBX 730 ($9.12) price objective on the stock. Societe Generale’s target price would suggest a potential upside of 7.59% from the stock’s previous close.
III has been the subject of a number of other research reports. Citigroup Inc. restated a “neutral” rating and issued a GBX 640 ($8.00) price objective on shares of 3i Group plc in a report on Wednesday, August 3rd. Barclays PLC restated an “overweight” rating and issued a GBX 595 ($7.43) price objective on shares of 3i Group plc in a report on Thursday, July 21st. Finally, Canaccord Genuity restated a “buy” rating and issued a GBX 710 ($8.87) price objective on shares of 3i Group plc in a report on Wednesday, July 27th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. 3i Group plc presently has an average rating of “Buy” and an average target price of GBX 633 ($7.91).
3i Group plc (LON:III) traded up 0.67% on Monday, hitting GBX 678.50. 1,617,227 shares of the company’s stock were exchanged. The company’s 50-day moving average price is GBX 5.47 and its 200-day moving average price is GBX 4.93. The company’s market cap is GBX 6.52 billion. 3i Group plc has a 12-month low of GBX 3.86 and a 12-month high of GBX 678.50.
The company also recently declared a dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Thursday, December 8th will be issued a dividend of GBX 8 ($0.10) per share. This represents a yield of 1.32%. The ex-dividend date is Thursday, December 8th.
In other news, insider Kevin Dunn sold 11,867 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of GBX 643 ($8.03), for a total transaction of £76,304.81 ($95,333.35). Also, insider Jonathan Asquith acquired 26,000 shares of 3i Group plc stock in a transaction dated Friday, November 11th. The shares were bought at an average price of GBX 617 ($7.71) per share, with a total value of £160,420 ($200,424.79).