Insider Buying: 3i Group (LON:III) Insider Buys £133.84 in Stock

3i Group (LON:III) insider Jasi Halai acquired 4 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were acquired at an average cost of GBX 3,346 ($44.76) per share, for a total transaction of £133.84 ($179.03).

Jasi Halai also recently made the following trade(s):

• On Friday, August 30th, Jasi Halai bought 5 shares of 3i Group stock. The shares were bought at an average price of GBX 3,173 ($42.44) per share, for a total transaction of £158.65 ($212.21).

3i Group Stock Down 0.6 %

Shares of LON:III opened at GBX 3,240 ($43.34) on Friday. The business has a fifty day simple moving average of GBX 3,145.60 and a 200 day simple moving average of GBX 2,987.14. The company has a quick ratio of 0.09, a current ratio of 3.23 and a debt-to-equity ratio of 6.20. The company has a market cap of £31.25 billion, a PE ratio of 816.12, a PEG ratio of -0.35 and a beta of 1.01.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on III shares. Citigroup reiterated a “buy” rating and issued a GBX 3,800 ($50.83) price target on shares of 3i Group in a research note on Monday, July 15th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of 3i Group in a research report on Friday, June 28th. Finally, Morgan Stanley cut 3i Group to an “equal weight” rating and lowered their price target for the company from GBX 3,246 ($43.42) to GBX 3,192 ($42.70) in a report on Wednesday, July 3rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, 3i Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 3,148 ($42.11).

3i Group Company Profile

3i Group plc is a private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins. The firm also provides infrastructure financing and debt management. For debt management, it invests in senior and mezzanine corporate debt in typically large and private companies in United Kingdom, Europe, Asia, and North America.