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3i Group Director Increases Stake with Share Purchase

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3i Group Director Increases Stake with Share Purchase

Meet Your ETF AI Analyst

3i Group plc ( (GB:III) ) just unveiled an announcement.

3i Group plc announced that Peter McKellar, a Director and person discharging managerial responsibilities, purchased 25,000 ordinary shares in the company. This transaction took place on the London Stock Exchange at a price of £34.4601 per share, potentially indicating confidence in the company’s future performance.

The most recent analyst rating on (GB:III) stock is a Buy with a £4400.00 price target. To see the full list of analyst forecasts on 3i Group plc stock, see the GB:III Stock Forecast page.

Spark’s Take on GB:III Stock

According to Spark, TipRanks’ AI Analyst, GB:III is a Outperform.

3i Group plc’s overall stock score is driven by its strong financial performance and positive earnings call, highlighting robust growth and profitability. However, technical analysis indicates bearish momentum, which poses a risk. The valuation is attractive, suggesting potential undervaluation, but macroeconomic challenges and market conditions should be considered.

To see Spark’s full report on GB:III stock, click here.

More about 3i Group plc

Average Trading Volume: 1,706,199

Technical Sentiment Signal: Hold

Current Market Cap: £32.86B

Find detailed analytics on III stock on TipRanks’ Stock Analysis page.

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