3i Group (LON:III) Reaches New 52-Week High – Should You Buy?

Shares of 3i Group (LON:III) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 3,779 ($45.96) and last traded at GBX 3,770 ($45.85), with a volume of 33302660 shares changing hands. The stock had previously closed at GBX 3,746 ($45.56).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reaffirmed a “top pick” rating on shares of 3i Group in a research report on Tuesday, January 7th.

3i Group Stock Up 0.6 %

The business’s 50 day moving average is GBX 3,588.58 and its 200-day moving average is GBX 3,305.58. The company has a debt-to-equity ratio of 6.20, a current ratio of 3.23 and a quick ratio of 0.09. The company has a market cap of £36.35 billion, a PE ratio of 949.37, a P/E/G ratio of -0.35 and a beta of 1.01.

3i Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, November 28th were paid a GBX 30.50 ($0.37) dividend. The ex-dividend date of this dividend was Thursday, November 28th. This represents a yield of 0.92%. 3i Group’s dividend payout ratio is presently 1,536.52%.

About 3i Group

3i is an investment company with two complementary businesses, Private Equity and Infrastructure.

We focus on opportunities where our sector and investment expertise, combined with our international presence and strong capital position, can create material value for our stakeholders.