3i Group (LON:III) Hits New 52-Week High at $1,451.50

3i Group plc (LON:III – Get Rating)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 1,451.50 ($17.68) and last traded at GBX 1,450.50 ($17.67), with a volume of 493230 shares trading hands. The stock had previously closed at GBX 1,399 ($17.04).

Analyst Upgrades and Downgrades

Separately, Barclays reiterated an “overweight” rating and issued a GBX 1,860 ($22.66) price target on shares of 3i Group in a research note on Monday, November 7th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 1,228 ($14.96).

3i Group Trading Up 0.2 %

The company has a quick ratio of 0.09, a current ratio of 0.14 and a debt-to-equity ratio of 8.01. The company has a fifty day moving average of GBX 1,323.57 and a two-hundred day moving average of GBX 1,222.42. The stock has a market capitalization of £13.76 billion and a price-to-earnings ratio of 381.35.

3i Group Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 11th. Investors of record on Thursday, December 1st were issued a dividend of GBX 23.25 ($0.28) per share. This represents a dividend yield of 1.86%. The ex-dividend date of this dividend was Thursday, December 1st. 3i Group’s dividend payout ratio is presently 12.57%.

3i Group Company Profile

(Get Rating)

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.