3i Group plc (LON:III)‘s stock had its “buy” rating reiterated by Canaccord Genuity in a report issued on Monday. They presently have a GBX 780 ($9.75) price target on the stock. Canaccord Genuity’s price target suggests a potential upside of 14.96% from the stock’s previous close.
III has been the subject of several other research reports. Barclays PLC reiterated an “overweight” rating and set a GBX 595 ($7.43) target price on shares of 3i Group plc in a research report on Monday, July 11th. Societe Generale reiterated a “buy” rating and set a GBX 730 ($9.12) target price (up previously from GBX 700 ($8.75)) on shares of 3i Group plc in a research report on Monday, August 1st. Finally, Citigroup Inc. reiterated a “neutral” rating and set a GBX 640 ($8.00) target price on shares of 3i Group plc in a research report on Wednesday, August 3rd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 633 ($7.91).
Shares of 3i Group plc (LON:III) opened at 678.50 on Monday. The company’s 50-day moving average price is GBX 5.47 and its 200-day moving average price is GBX 4.93. 3i Group plc has a 52-week low of GBX 3.86 and a 52-week high of GBX 678.50. The firm’s market cap is GBX 6.52 billion.
The company also recently disclosed a dividend, which will be paid on Wednesday, January 4th. Investors of record on Thursday, December 8th will be given a GBX 8 ($0.10) dividend. This represents a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, December 8th.
In related news, insider Kevin Dunn sold 11,867 shares of the company’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of GBX 643 ($8.03), for a total value of £76,304.81 ($95,333.35). Also, insider Jonathan Asquith acquired 26,000 shares of the stock in a transaction that occurred on Friday, November 11th. The stock was purchased at an average price of GBX 617 ($7.71) per share, with a total value of £160,420 ($200,424.79).