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3i Group plc ( (GB:III) ) just unveiled an announcement.
3i Group plc announced during its Annual General Meeting that its portfolio company, Action, continues to perform strongly with a 6.9% year-to-date sales growth and is on track with its expansion plans, including 111 new store openings. Additionally, 3i reported the successful sale of MPM, yielding an estimated £400 million, representing a 3.2x return on invested capital and an IRR of 29%, indicating robust performance across its Private Equity portfolio.
The most recent analyst rating on (GB:III) stock is a Buy with a £4069.00 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 exhibits a robust financial profile and a positive technical trend. Its solid valuation metrics and recent corporate actions further enhance its attractiveness. While revenue growth and cash flow generation could see improvements, the overall outlook remains favorable for investors.
To see Spark’s full report on GB:III stock, click here.
More about 3i Group plc
3i Group plc is a leading international investment manager specializing in mid-market Private Equity and Infrastructure, with core investment markets in northern Europe and North America.
Average Trading Volume: 1,758,993
Technical Sentiment Signal: Buy
Current Market Cap: £38.12B
See more insights into III stock on TipRanks’ Stock Analysis page.