3i Group plc (III) Gets a Buy from Bernstein

In a report released today, William Woods from Bernstein maintained a Buy rating on 3i Group plc, with a price target of £52.00. The company’s shares opened today at p4,383.00.

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According to TipRanks, Woods is a 4-star analyst with an average return of 7.8% and a 58.14% success rate. Woods covers the Consumer Cyclical sector, focusing on stocks such as PUMA SE NPV, Pandora A/S, and H&M Hennes & Mauritz AB Class B.

Currently, the analyst consensus on 3i Group plc is a Strong Buy with an average price target of p4,740.75, an 8.16% upside from current levels. In a report released on October 2, UBS also upgraded the stock to a Buy with a p4,700.00 price target.

Based on 3i Group plc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of p1.59 billion and a net profit of p2.99 billion. In comparison, last year the company earned a revenue of p2.24 billion and had a net profit of p2.16 billion

Based on the recent corporate insider activity of 104 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of III in relation to earlier this year.