Mitchells & Butlers plc’s (MAB) Hold Rating Reiterated at Panmure Gordon
A number of other brokerages have also commented on MAB. HSBC upgraded Mitchells & Butlers plc to a buy rating and increased their price objective for the company from GBX 300 ($3.92) to GBX 340 ($4.44) in a research report on Wednesday, May 25th. Beaufort Securities reiterated a buy rating on shares of Mitchells & Butlers plc in a research report on Friday, May 20th. JPMorgan Chase & Co. decreased their price objective on Mitchells & Butlers plc from GBX 370 ($4.83) to GBX 330 ($4.31) and set an overweight rating on the stock in a research report on Friday, May 20th. Goodbody reiterated a hold rating on shares of Mitchells & Butlers plc in a research report on Thursday, May 19th. Finally, Shore Capital reiterated a hold rating on shares of Mitchells & Butlers plc in a research report on Thursday, May 19th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of GBX 380.19 ($4.96).
Mitchells & Butlers plc (LON:MAB) opened at 263.10 on Thursday. The firm’s market capitalization is GBX 1.09 billion. The company’s 50-day moving average price is GBX 258.02 and its 200 day moving average price is GBX 265.26. Mitchells & Butlers plc has a 52-week low of GBX 207.00 and a 52-week high of GBX 365.00.
In other news, insider Jones,Timothy (Tim) Charles purchased 1,162 shares of the company’s stock in a transaction on Wednesday, June 22nd. The shares were purchased at an average price of GBX 282 ($3.68) per share, with a total value of £3,276.84 ($4,277.30).
Mitchells & Butlers plc Company Profile
Mitchells & Butlers plc is an operator of restaurants, pubs and bars. The Company operates through retail operating business and property business segments. The Company operates approximately 1,700 restaurants and pubs in the United Kingdom. The Company’s brands include Sizzling Pubs, Vintage Inns, Harvester, Ember Inns, Toby Carvery, Crown Carveries, Castle, Nicholson’s, O’Neill’s, Alex, All Bar One, Miller & Carter, Browns, Innkeeper’s Lodge, Oak Tree, Orchid Pubs and Premium Country Pubs.
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