EI Group (EIG) Reaches New 52-Week High at $165.60

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EI Group PLC (LON:EIG) shares reached a new 52-week high on Thursday . The stock traded as high as GBX 165.60 ($2.14) and last traded at GBX 165.60 ($2.14), with a volume of 1598541 shares. The stock had previously closed at GBX 155.80 ($2.01).

Several research analysts have recently weighed in on EIG shares. Peel Hunt increased their price target on EI Group from GBX 165 ($2.13) to GBX 175 ($2.26) and gave the stock a “buy” rating in a research note on Wednesday, July 11th. Deutsche Bank reiterated a “buy” rating on shares of EI Group in a research note on Monday, July 9th. Numis Securities reiterated a “buy” rating on shares of EI Group in a research note on Tuesday, July 24th. Liberum Capital reiterated a “buy” rating and set a GBX 165 ($2.13) price target on shares of EI Group in a research note on Monday, July 2nd. Finally, Barclays upgraded EI Group to an “overweight” rating and increased their price target for the stock from GBX 150 ($1.93) to GBX 175 ($2.26) in a research note on Thursday, May 31st. Five investment analysts have rated the stock with a buy rating, EI Group presently has an average rating of “Buy” and a consensus price target of GBX 178.75 ($2.31).

About EI Group (LON:EIG)

Ei Group plc operates leased and tenanted pubs in the United Kingdom. It also engages in rental of commercial properties, as well as financing and public houses management businesses. The company operates approximately 4,638 pubs. The company was formerly known as Enterprise Inns plc and changed its name to Ei Group plc February 2017.

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