3i Group (LON:III) Shares Pass Above 200-Day Moving Average – Here’s Why

3i Group (LON:III) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,549.60 ($45.91) and traded as high as GBX 3,775 ($48.83). 3i Group shares last traded at GBX 3,736 ($48.32), with a volume of 1,753,144 shares trading hands.

Wall Street Analysts Forecast Growth

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

3i Group Trading Up 1.3 %

The company has a 50 day moving average of GBX 3,865.74 and a 200-day moving average of GBX 3,549.60. The stock has a market cap of £36.07 billion, a price-to-earnings ratio of 9.42, a price-to-earnings-growth ratio of -0.35 and a beta of 1.01. The company has a debt-to-equity ratio of 6.20, a quick ratio of 0.09 and a current ratio of 3.25.

3i Group Company Profile

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.