3i Group (OTCMKTS:TGOPY) Shares Gap Up – Time to Buy?
by Amy Steele · The Cerbat Gem3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY – Get Free Report)’s share price gapped up before the market opened on Thursday. The stock had previously closed at $7.87, but opened at $8.2347. 3i Group shares last traded at $8.18, with a volume of 88,338 shares traded.
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of 3i Group in a research note on Friday, August 28th. Two research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, 3i Group presently has a consensus rating of “Hold”.
Get Our Latest Analysis on 3i Group
3i Group Trading Up 3.8%
The firm’s fifty day moving average is $9.09 and its 200-day moving average is $8.69.
About 3i Group
3i Group plc is an international investment company headquartered in London, United Kingdom. It invests in and supports businesses through two principal areas: private equity and infrastructure. The company typically takes significant or controlling interests in established businesses, working with management teams to support growth, operational development and long-term value creation.
Through its private equity activities, 3i focuses primarily on mid-market companies, particularly in Northern Europe.