EI Group (LON:EIG) was downgraded by research analysts at Peel Hunt to a “hold” rating in a report issued on Thursday. They currently have a GBX 215 ($2.81) target price on the stock, up from their prior target price of GBX 205 ($2.68). Peel Hunt’s target price would suggest a potential upside of 5.13% from the company’s previous close.
EIG has been the subject of a number of other research reports. Liberum Capital boosted their price objective on shares of EI Group from GBX 210 ($2.74) to GBX 250 ($3.27) and gave the stock a “buy” rating in a research note on Friday, January 11th. Royal Bank of Canada assumed coverage on shares of EI Group in a research note on Tuesday, December 4th. They issued a “sector performer” rating and a GBX 185 ($2.42) price objective for the company. Berenberg Bank assumed coverage on shares of EI Group in a research note on Wednesday, October 31st. They issued a “buy” rating and a GBX 200 ($2.61) price objective for the company. Finally, Barclays boosted their price objective on shares of EI Group from GBX 175 ($2.29) to GBX 190 ($2.48) and gave the stock an “overweight” rating in a research note on Wednesday, November 21st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of GBX 206.67 ($2.70).
Shares of LON:EIG opened at GBX 204.50 ($2.67) on Thursday. EI Group has a 52 week low of GBX 118.20 ($1.54) and a 52 week high of GBX 153 ($2.00).
In other EI Group news, insider W Simon Townsend acquired 996 shares of EI Group stock in a transaction that occurred on Friday, December 14th. The stock was bought at an average price of GBX 181 ($2.37) per share, with a total value of £1,802.76 ($2,355.63). Also, insider Neil Smith sold 113,424 shares of the business’s 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).
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.
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