3i Group (LON:III) Hits New 52-Week High – Time to Buy?

3i Group (LON:III)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as GBX 3,931 ($49.06) and last traded at GBX 3,931 ($49.06), with a volume of 6815034 shares changing hands. The stock had previously closed at GBX 3,897.84 ($48.65).

Analysts Set New Price Targets

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

3i Group Stock Up 0.4 %

The business has a 50-day moving average price of GBX 3,681.30 and a 200-day moving average price of GBX 3,373.57. The company has a market capitalization of £37.75 billion, a price-to-earnings ratio of 985.97, a price-to-earnings-growth ratio of -0.35 and a beta of 1.01. The company has a quick ratio of 0.09, a current ratio of 3.23 and a debt-to-equity ratio of 6.20.

3i Group Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, November 28th were issued a GBX 30.50 ($0.38) dividend. The ex-dividend date was Thursday, November 28th. This represents a yield of 0.92%. 3i Group’s dividend payout ratio (DPR) is 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.