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3i Group plc ( (GB:III) ) has provided an announcement.
3i Group plc has announced the allotment and admission of 19,916,225 new ordinary shares to trading on the London Stock Exchange, bringing its total issued share capital to 993,330,029 ordinary shares. This update is significant for shareholders and stakeholders as it affects the total voting rights, which are crucial for determining notification obligations under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:III) stock is a Buy with a £4618.00 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 sentiment. The company’s low P/E ratio suggests it may be undervalued, while technical indicators show mixed signals. The robust financial health and strategic growth initiatives position the company well in the asset management industry.
To see Spark’s full report on GB:III stock, click here.
More about 3i Group plc
Average Trading Volume: 1,434,959
Technical Sentiment Signal: Buy
Current Market Cap: £38.83B
See more insights into III stock on TipRanks’ Stock Analysis page.