3i Group Plc (LON:III – Get Rating) announced a dividend on Thursday, May 12th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 16th will be given a dividend of GBX 27.25 ($0.34) per share on Friday, July 22nd. This represents a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, June 16th. This is an increase from 3i Group’s previous dividend of $19.25. The official announcement can be viewed at this link.
III opened at GBX 1,310 ($16.15) on Friday. The company has a market cap of £12.75 billion and a PE ratio of 4.53. The stock has a 50-day moving average of GBX 1,321.86 and a 200-day moving average of GBX 1,361.41. 3i Group has a 52-week low of GBX 1,071 ($13.20) and a 52-week high of GBX 1,507.50 ($18.59). The company has a debt-to-equity ratio of 8.87, a quick ratio of 0.55 and a current ratio of 0.93.
Several analysts have recently issued reports on the company. Citigroup reiterated a “buy” rating and set a GBX 1,444 ($17.80) price target on shares of 3i Group in a research note on Friday, March 25th. Barclays reiterated an “overweight” rating and issued a GBX 1,840 ($22.69) price objective on shares of 3i Group in a research report on Friday, May 6th. Morgan Stanley reiterated an “overweight” rating on shares of 3i Group in a research report on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 380 ($4.68) price objective on shares of 3i Group in a research report on Thursday, March 24th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of 3i Group in a report on Monday, March 28th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 1,271 ($15.67).
3i Group plc is a private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins. The firm also provides infrastructure financing and debt management. For debt management, it invests in senior and mezzanine corporate debt in typically large and private companies in United Kingdom, Europe, Asia, and North America.
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