3i Group (LON:III) Shares Pass Above 200-Day Moving Average – Should You Sell?

Shares of 3i Group (LON:III) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 3,668.70 ($48.61) and traded as high as GBX 4,177 ($55.35). 3i Group shares last traded at GBX 4,154 ($55.04), with a volume of 1,150,651 shares changing hands.

Analyst Ratings Changes

III has been the topic of a number of analyst reports. JPMorgan Chase & Co. reiterated a “top pick” rating on shares of 3i Group in a research report on Tuesday, January 7th. Citigroup reiterated a “buy” rating and issued a GBX 4,850 ($64.26) price objective on shares of 3i Group in a report on Tuesday, April 15th.

3i Group Price Performance

The firm’s fifty day moving average price is GBX 3,845.20 and its 200-day moving average price is GBX 3,668.70. The company has a quick ratio of 0.09, a current ratio of 3.25 and a debt-to-equity ratio of 6.20. The stock has a market cap of £40.10 billion, a P/E ratio of 10.48, a PEG ratio of -0.35 and a beta of 1.01.

3i Group Company Profile

3i is an investment company with two complementary businesses, Private Equity and Infrastructure.

We focus on opportunities where our sector and investment expertise, combined with our international presence and strong capital position, can create material value for our stakeholders.