We don’t support this browser anymore.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

In this section

Shares

Citi reiterates 'buy' on 3i Group, lifts price target

Tue 15 April 2025 10:34 | A A A

No recommendation

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

(Sharecast News) - Citi lifted its price target on 3i Group on Tuesday to 4,850 from 4,670p, mainly due to FX, and reiterated its 'buy' rating following the filing of Dutch retailer Action's 2024 annual report.

"New disclosure suggests meaningful revenue upside from Germany," Citi said. "It also shows Action's best-in-class working capital dynamics improved in 2024."

Citi said it finds evidence of downtrading among more affluent customers, while new data shows store sizes are largely unchanged.

3i Group holds a majority stake in Action.

At 1030 BST, the shares were up 4.4% at 4,076.00p.

    The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.


    More stockbroker tips from ShareCast

    Latest economy and stock market articles