3i Group (LON:III) Hits New 1-Year High – Here’s Why

3i Group (LON:III)’s share price hit a new 52-week high on Monday . The stock traded as high as GBX 3,779 ($45.96) and last traded at GBX 3,770 ($45.85), with a volume of 33302660 shares. The stock had previously closed at GBX 3,746 ($45.56).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reissued a “top pick” rating on shares of 3i Group in a research note on Tuesday, January 7th.

3i Group Stock Performance

The firm’s 50 day moving average is GBX 3,588.58 and its 200-day moving average is GBX 3,305.58. The stock has a market capitalization of £36.35 billion, a price-to-earnings ratio of 949.37, a PEG ratio of -0.35 and a beta of 1.01. The company has a debt-to-equity ratio of 6.20, a quick ratio of 0.09 and a current ratio of 3.23.

3i Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 10th. Investors of record on Thursday, November 28th were given a dividend of GBX 30.50 ($0.37) per share. The ex-dividend date of this dividend was Thursday, November 28th. This represents a yield of 0.92%. 3i Group’s payout ratio is 1,536.52%.

About 3i Group

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.