This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Trade Parameters
Observations – For
Observations – Against
Share price breakout opens the door for a return towards May highs. UK 100 Investment company involved in private equity, infrastructure and debt management round the world. Decent 3.5% dividend yield. The shares rallied 5% after full year results in May.
Consensus is bullish with 83% of brokers suggesting Buy (none say Sell). All broker targets suggest upside from current levels, to a 12-month average target of 1045p, well above our target of revisiting May highs.
Risks to 3i shares include a disappointing Q1 report on 25 July; a global equity market slump; a sharp rise in interest rates could make investment more expensive; limited broker coverage; any struggles to sell investments could impact profitability.
Next Event: Q1 Performance update, 25 Jul (7am)
Latest Broker 12-Month Consensus: 83% Buy, 17% Hold, 0% Sell (full breakdown on request)
Source: DowJones Newswires, Reuters News, Bloomberg or Company Press releases
| Share | 1wk | 1m | 3m | 6m | 1yr | 2yr | 3yr | 4yr | 5yr |
| Perf % | 2.2 | -3.5 | 3.7 | -1.3 | 1.8 | 61.1 | 67.8 | 142.7 | 145.9 |
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Prepared by Michael van Dulken, Head of Research