3i Group (III) Stock Price Down 9,649.9%

3i Group plc (LON:III)’s share price traded down 9,649.9% on Monday . The stock traded as low as GBX 918.20 ($12.45) and last traded at GBX 920.20 ($12.48). 2,005,851 shares changed hands during mid-day trading, an increase of 25% from the average session volume of 1,600,000 shares. The stock had previously closed at GBX 9.44 ($0.13).

Several equities analysts recently weighed in on the stock. Barclays reaffirmed an “overweight” rating and issued a GBX 1,000 ($13.56) price target on shares of 3i Group in a research report on Tuesday, September 19th. Societe Generale reaffirmed a “buy” rating and issued a GBX 1,020 ($13.83) price target on shares of 3i Group in a research report on Friday, November 17th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 1,030 ($13.97) price target on shares of 3i Group in a research report on Tuesday, January 2nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. 3i Group currently has an average rating of “Buy” and an average price target of GBX 969.17 ($13.14).

The firm has a market cap of $8,940.00 and a P/E ratio of 730.31.

The company also recently disclosed a dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, December 14th will be paid a GBX 8 ($0.11) dividend. The ex-dividend date is Thursday, December 14th. This represents a yield of 0.86%.

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About 3i Group

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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