3i Group (III)

Sector:

Financials

Index:

FTSE 100

4,072.00p
   
  • Change Today:
      16.00p
  • 52 Week High: 4,298.00
  • 52 Week Low: 2,863.00
  • Currency: UK Pounds
  • Shares Issued: 973.40m
  • Volume: 3,848,832
  • Market Cap: £39,637m
  • RiskGrade: 122
  • Beta: 0.01

Morgan Stanley downgrades 3i Group after strong run

By Michele Maatouk

Date: Wednesday 03 Jul 2024

LONDON (ShareCast) - (Sharecast News) - Morgan Stanley downgraded 3i Group on Wednesday 'equalweight' from 'overweight' and cut the price target to 3,192p from 3,246p as it said the risk/reward is more balanced after a strong run.

The bank said 3i offers significant appeal, given the strong compounding characteristics at key asset Action. But with more than 10% upside to its price target after a strong sustained run - the shares are up 125% since start of 2023 - it is moving to 'equalweight'.

Morgan Stanley noted that 3i's valuation is close to the historical peak of around 1.4x P/NAV based on March 2024 NAV.

It said gearing to capital market recovery and a re-acceleration at Action are key to upside.

The bank said it was trimming its NAV estimates by around 2% for FY25-27 following the AGM statement, which indicated modest moderation in Action like-for-like growth.

At 0850 BST, the shares were down 1.5% at 3,000p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

3i Market Data

Currency UK Pounds
Share Price 4,072.00p
Change Today 16.00p
% Change 0.39 %
52 Week High 4,298.00
52 Week Low 2,863.00
Volume 3,848,832
Shares Issued 973.40m
Market Cap £39,637m
Beta 0.01
RiskGrade 122

3i Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
17.33% below the market average17.33% below the market average17.33% below the market average17.33% below the market average17.33% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
85.04% above the market average85.04% above the market average85.04% above the market average85.04% above the market average85.04% above the market average
81.13% above the sector average81.13% above the sector average81.13% above the sector average81.13% above the sector average81.13% above the sector average
Income
10.41% below the market average10.41% below the market average10.41% below the market average10.41% below the market average10.41% below the market average
46.43% below the sector average46.43% below the sector average46.43% below the sector average46.43% below the sector average46.43% below the sector average
Growth
79.61% above the market average79.61% above the market average79.61% above the market average79.61% above the market average79.61% above the market average
78.02% above the sector average78.02% above the sector average78.02% above the sector average78.02% above the sector average78.02% above the sector average

What The Brokers Say

Strong Buy 3
Buy 6
Neutral 1
Sell 1
Strong Sell 0
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

3i Dividends

  Latest Previous
  Final Interim
Ex-Div 19-Jun-25 28-Nov-24
Paid 25-Jul-25 10-Jan-25
Amount 42.50p 30.50p

Trades for 30-May-2025

Time Volume / Share Price
16:37 2,542 @ 4,072.81p
16:37 1,270 @ 4,072.81p
16:47 5,199 @ 4,080.24p
16:42 30 @ 4,071.84p
16:40 867 @ 4,072.00p

3i Key Personnel

CEO Simon Borrows

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