Mitchells & Butlers plc (MAB) Receives “Buy” Rating from Canaccord Genuity
Canaccord Genuity reissued their buy rating on shares of Mitchells & Butlers plc (LON:MAB) in a research note issued to investors on Thursday morning. They currently have a GBX 350 ($4.57) target price on the stock.
Several other analysts have also weighed in on the company. Citigroup Inc. lowered Mitchells & Butlers plc to a neutral rating in a report on Thursday, July 7th. JPMorgan Chase & Co. lowered Mitchells & Butlers plc to a neutral rating and decreased their price target for the company from GBX 330 ($4.31) to GBX 240 ($3.13) in a report on Monday, July 4th. HSBC decreased their price target on Mitchells & Butlers plc from GBX 340 ($4.44) to GBX 275 ($3.59) and set a buy rating on the stock in a report on Monday, August 1st. FinnCap restated a buy rating on shares of Mitchells & Butlers plc in a report on Thursday, July 28th. Finally, Shore Capital restated a hold rating on shares of Mitchells & Butlers plc in a report on Thursday. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Mitchells & Butlers plc presently has a consensus rating of Buy and a consensus target price of GBX 364.13 ($4.75).
Shares of Mitchells & Butlers plc (LON:MAB) opened at 271.90 on Thursday. The company’s market cap is GBX 1.12 billion. Mitchells & Butlers plc has a one year low of GBX 207.00 and a one year high of GBX 365.00. The stock’s 50 day moving average is GBX 259.93 and its 200-day moving average is GBX 264.90.
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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