|Bid||281.60 x 0|
|Ask||281.80 x 0|
|Day's Range||281.00 - 283.40|
|52 Week Range||148.40 - 289.00|
|Beta (3Y Monthly)||0.79|
|PE Ratio (TTM)||30.29|
|Earnings Date||Nov 19, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||189.38|
Louisa Biswas has run the Fox and Duck pub near London’s Richmond Park for more than 10 years. Ei Group, the company that owns the Fox and Duck and 4,000 other pubs, has accused Ms Biswas of letting the building fall into disrepair and in March 2018 sent her a report detailing £249,000 of repairs. The dispute is one of 85 arbitration processes being overseen by the Pubs Code Adjudicator, which was set up in 2016 along with a pub code in order to mediate between the pub owning corporates, or “pubcos”, and their “tied” tenants.
Moody's Investors Service (Moody's) has today affirmed the B2 corporate family rating (CFR) and B2-PD probability of default rating (PDR) of Stonegate Pub Company Limited (Stonegate) and the B2 ratings of the senior secured notes of Stonegate Pub Company Financing plc. Concurrently Moody's has changed the outlook on both entities to developing from stable. "The acquisition of Ei Group will materially increase Stonegate's scale and provide revenue and earnings diversification by combining the largely tenanted pub estate of EiG with the company's established and successful managed estate", said David Beadle, a Moody's Senior Credit Officer and lead analyst for Stonegate.
Moody's Investors Service (Moody's) has today placed under review for downgrade the B1 corporate family rating (CFR) and the B1 rating of Ei Group Plc's (EIG) GBP275 million senior secured bond due in 2031. The review follows the announcement on 18 July 2019 that the boards of directors of EIG and Stonegate Pub Company Bidco Limited, a wholly-owned subsidiary of Stonegate Pub Company Limited (Stonegate, B2 developing outlook) have reached agreement on the terms of a recommended all-cash acquisition of the entire share capital of EIG for approximately GBP1.3 billion. Upon completion of the acquisition, EIG's ratings will be aligned with the rating of Stonegate.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Ei Group Plc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Moody's Investors Service (Moody's) has today upgraded Ei Group Plc's (EIG) Corporate Family Rating (CFR) to B1 from B2. Moody's also affirmed the B1 rating of the company's GBP275 million senior secured bond due in 2031. At the same time Moody's withdrew the company's B3-PD probability of default rating (PDR) because this rating is no longer applicable under the relevant methodology.