3i (LON:III) shares dropped 0% during mid-day trading on Wednesday . The stock traded as low as GBX 869.65 ($11.70) and last traded at GBX 875 ($11.78). Approximately 1,736,833 shares changed hands during mid-day trading, an increase of 1% from the average daily volume of 1,720,000 shares. The stock had previously closed at GBX 875 ($11.78).
A number of research analysts recently weighed in on the company. Canaccord Genuity raised their price objective on 3I from GBX 975 ($13.12) to GBX 1,030 ($13.86) and gave the company a “buy” rating in a research report on Friday, November 24th. Societe Generale reaffirmed a “buy” rating and set a GBX 1,020 ($13.73) price objective on shares of 3I in a research report on Friday, November 17th. Citigroup raised their price objective on 3I from GBX 980 ($13.19) to GBX 1,000 ($13.46) and gave the company a “neutral” rating in a research report on Thursday, August 10th. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 1,000 ($13.46) price objective on shares of 3I in a research report on Tuesday, September 19th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of GBX 969.17 ($13.04).
The company also recently declared a dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Thursday, December 14th will be paid a GBX 8 ($0.11) dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a dividend yield of 0.86%.
3I Company Profile
3i Group plc is an investment company with approximately three complementary businesses, Private Equity, Infrastructure and Debt Management, specializing in core investment markets in northern Europe and North America. The Company’s Private Equity business includes investment and asset management to generate capital returns, and is focused on consumer, industrial and business services sectors.
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