3i Group (LON:III) Rating Reaffirmed
In an analyst research report distributed to Clients this morning, RBC Capital Markets reaffirmed their “Outperform” rating on 3i Group (LON:III) shares. The TP may imply a possible downside of -61.06% from company’s last close price.
From a total of 7 analysts covering 3i Group PLC (LON:III) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 75% of the ratings are positive. The highest target price is GBX 630 while the lowest target price is GBX 517. The mean of all analyst targets is GBX 563.14 with a 9.54% above today’s (GBX 489) stock price. 3i Group PLC was the topic of 8 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. Morgan Stanley maintained shares on November 25 with “Equal-Weight” rating. Citigroup maintained III stock in a recent report from November 13 with “Neutral” rating. Finally, Macquarie Research upgraded the stock to “Outperform” rating in a report issued on a September 24.
Approximately 569,123 shares of stock traded hands. 3i Group plc (LON:III) has risen 29.50% since May 6, 2015 and is uptrending. It has outperformed by 30.58% the S&P500.
The overall sentiment of institutions has decreased to 0.91 in Q2 2015. Its down 0.14, from 1.05 in 2015Q2. The ratio dived, as 17 institutions have sold all the shares of 3i Group plc that they owned while 15 funds have taken shares off the table. 6 funds have purchased shares for the first time while 23 added to their positions. These institutions now hold 22.14 million shares or 25.71% more than the 17.62 million shares they owned in 2015Q2.
The Fund Weber Alan W currently is holding shares equating to 3.64% of its total portfolio in 3i Group plc representing a total of 1.04 million shares. Another fund,Thomson Horstmann & Bryant Inc, is holding a total of 2.12 million shares equating to 0.81% of their holdings. Additionally, Punch & Associates Investment Management Inc. has a 390,000 share stake in 3i Group plc which represents 0.21% of their total portfolio. The Fund, Perritt Capital Management Inc, based out of Illinois, has also built up a stake in the stock, which represents a total of 0.16% of their total portfolio. Finally Clear Harbor Asset Management Llc, a fund which is based in the state of New York reported a total holdings of 168,398 shares.
Insider activity is a very important aspect to track on any stock. Going back to June 12, 2015, shareholders of 3i Group plc have witnessed 0 insider purchases, and a total of 1 sale equating to a net activity of approximately $39,879 . Raina Kalpana sold 10,000 shares worth approximately $39,879.
3i Group plc is a United Kingdom-based investment manager focused on mid-market private equity, infrastructure and debt management. The company has a market cap of 4.81 billion GBP. The Firm invests in northern Europe and North America markets. It has 7.85 P/E ratio. The Firm provides investment to private equities in various sectors, such as consumer, industrial and business services.
According to Zacks Investment Research, “INFORMATION SERVICES GROUP, INC. was founded to build an industry-leading, high-growth, information-based services company by acquiring and growing businesses in advisory, data, business and media information services. ISG’s first acquisition – TPI, the world’s leading data and advisory firm in global sourcing – provides a solid platform upon which to build a prominent, high-growth information-based services company. Based in Stamford, Connecticut, ISG has a proven leadership team with global experience in information-based services and a track record of creating significant value for shareowners, clients and employees. ISG’s strategy is to acquire and grow dynamic, innovative businesses that provide must have information-based services to such sectors as consumer products, retailing, financial services, manufacturing, media, marketing, healthcare, legal, government, telecommunications and technology.” Get a free copy of the Zacks research report on 3i Group plc (III).