EI Group (EIG) Earns “Buy” Rating from Numis Securities

EI Group (LON:EIG)‘s stock had its “buy” rating reaffirmed by Numis Securities in a research report issued to clients and investors on Thursday. They currently have a GBX 200 ($2.80) price target on the stock. Numis Securities’ price target suggests a potential upside of 58.48% from the company’s previous close.

A number of other analysts have also recently issued reports on EIG. Peel Hunt reissued a “buy” rating and issued a GBX 165 ($2.31) target price on shares of EI Group in a research report on Friday, January 5th. Liberum Capital reaffirmed a “hold” rating and set a GBX 140 ($1.96) target price on shares of EI Group in a research report on Tuesday, November 21st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 168 ($2.36).

EI Group (LON EIG) traded down GBX 8.60 ($0.12) during trading on Thursday, hitting GBX 126.20 ($1.77). 3,214,109 shares of the company were exchanged, compared to its average volume of 786,035. EI Group has a 52 week low of GBX 122.25 ($1.71) and a 52 week high of GBX 153 ($2.15). The firm has a market cap of $599.84 and a P/E ratio of 1,262.00.

In related news, insider Neil Smith sold 33,424 shares of EI Group stock in a transaction dated Friday, December 15th. The stock was sold at an average price of GBX 144 ($2.02), for a total value of £48,130.56 ($67,485.36).

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EI Group Company Profile

Ei Group plc, formerly Enterprise Inns plc, is a leased and tenanted pub company in the United Kingdom. The Company includes a portfolio of businesses comprising a range of operating models and trading styles. Its businesses include Ei Publican Partnerships, Ei Commercial Properties, Ei Managed Operations and Ei Managed Investments.

Analyst Recommendations for EI Group (LON:EIG)

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