EI Group PLC (EIG) Given Average Recommendation of “Buy” by Brokerages

Shares of EI Group PLC (LON:EIG) have received a consensus rating of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 215 ($2.81).

A number of equities research analysts have recently commented on EIG shares. Liberum Capital reaffirmed a “buy” rating on shares of EI Group in a research note on Friday, December 7th. Royal Bank of Canada raised their price objective on shares of EI Group from GBX 185 ($2.42) to GBX 220 ($2.87) and gave the stock a “sector performer” rating in a research note on Friday, February 8th. Peel Hunt reaffirmed a “hold” rating on shares of EI Group in a research note on Wednesday, February 13th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a GBX 250 ($3.27) price objective on shares of EI Group in a research note on Friday, March 15th.

In other news, insider Neil Smith sold 113,424 shares of the stock in a transaction that occurred on Monday, January 21st. The stock was sold at an average price of GBX 204 ($2.67), for a total transaction of £231,384.96 ($302,345.43).

Shares of LON EIG opened at GBX 213 ($2.78) on Friday. The company has a market cap of $969.33 million and a PE ratio of 14.49. EI Group has a 12 month low of GBX 114.20 ($1.49) and a 12 month high of GBX 218 ($2.85). The company has a debt-to-equity ratio of 141.06, a quick ratio of 0.50 and a current ratio of 0.57.

EI Group Company Profile

Ei Group plc operates leased and tenanted pubs in the United Kingdom. It operates through three segments: Publican Partnerships, Commercial Properties, and Managed. The company engages in the rental of commercial properties, as well as financing and public houses management businesses. It is also involved in the sale of foods and drinks, as well as accommodation and gaming machines.

Further Reading: Reverse Stock Split

Analyst Recommendations for EI Group (LON:EIG)

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