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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Ei Group plc    EIG   GB00B1L8B624

EI GROUP PLC

(EIG)
  Report
Delayed Quote. Delayed London Stock Exchange - 02/21 11:35:23 am
284.6 GBp   -0.07%
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02/14EI : Slug and Lettuce owner gets go-ahead to become top pub group
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Ei : Slug and Lettuce owner gets go-ahead to become top pub group

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02/14/2020 | 03:18am EST

The UK's competition watchdog gave Slug and Lettuce owner Stonegate the green light to buy Ei Group on Friday, in a deal that would create Britain's largest pub company, and said it will not refer the merger to an in-depth investigation.

The Competition and Markets Authority (CMA) said it had accepted the undertakings given by Stonegate last month, which included selling 42 sites, to address competition concerns.

The watchdog last year had started an initial investigation into the 1.27 billion pound merger, saying it could damage competition in 51 local areas.

The CMA, which investigated the potential impact of the merger in more than 500 local areas across the UK, said if the businesses were to merge, pub-goers in 51 areas might face higher prices and lower product quality.

British restaurant and pub operators have had to cope with lower consumer spending and higher expenses, most notably from wage inflation and property costs, following Britain's vote to leave the European Union.

Stonegate, which is owned by private equity fund TDR, is best known for its Walkabout, Yates and Slug and Lettuce chains. In contrast, Ei runs a disparate range of pubs, often in partnership with landlords and small operators, who tailor their menus and entertainment to cater to local customers.

(Reporting by Tanishaa Nadkar in Bengaluru; Editing by Shounak Dasgupta, Bernard Orr)

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Financials (GBP)
Sales 2020 750 M
EBIT 2020 237 M
Net income 2020 89,0 M
Debt 2020 1 626 M
Yield 2020 -
P/E ratio 2020 14,4x
P/E ratio 2021 13,3x
EV / Sales2020 3,82x
EV / Sales2021 3,56x
Capitalization 1 243 M
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Technical analysis trends EI GROUP PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 5
Average target price 272,00  GBp
Last Close Price 284,60  GBp
Spread / Highest target 0,14%
Spread / Average Target -4,43%
Spread / Lowest Target -22,7%
EPS Revisions
Managers
NameTitle
William Simon Townsend Chief Executive Officer & Executive Director
Robert Malcolm Walker Chairman
Neil Reynolds Smith Chief Financial Officer & Executive Director
Peter Jeffrey Baguley Independent Non-Executive Director
Adam Peter Fowle Senior Independent Non-Executive Director
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