3i Group (LON:III) Reaches New 12-Month High at $1,475.50

3i Group plc (LON:III – Get Rating)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 1,475.50 ($18.00) and last traded at GBX 1,466 ($17.89), with a volume of 61160 shares. The stock had previously closed at GBX 1,462.50 ($17.85).

Analyst Ratings Changes

Separately, Barclays restated an “overweight” rating and issued a GBX 1,860 ($22.70) price target on shares of 3i Group in a research report on Monday, November 7th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 1,228 ($14.98).

3i Group Stock Performance

The stock has a market capitalization of £14.27 billion and a P/E ratio of 395.27. The company’s 50-day moving average is GBX 1,344.96 and its two-hundred day moving average is GBX 1,237.92. The company has a current ratio of 0.14, a quick ratio of 0.09 and a debt-to-equity ratio of 8.01.

3i Group Cuts Dividend

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

3i Group Company Profile

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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.