Mitchells & Butlers plc (MAB) Receives “Hold” Rating from Shore Capital
A number of other equities research analysts have also commented on MAB. Canaccord Genuity restated a buy rating and set a GBX 360 ($4.70) price objective on shares of Mitchells & Butlers plc in a report on Wednesday, July 27th. Panmure Gordon restated a hold rating and set a GBX 300 ($3.92) price objective on shares of Mitchells & Butlers plc in a report on Wednesday, July 27th. HSBC upgraded shares of Mitchells & Butlers plc to a buy rating and raised their price objective for the stock from GBX 300 ($3.92) to GBX 340 ($4.44) in a report on Wednesday, May 25th. Peel Hunt restated a hold rating and set a GBX 262 ($3.42) price objective on shares of Mitchells & Butlers plc in a report on Wednesday, July 27th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Mitchells & Butlers plc from GBX 240 ($3.13) to GBX 260 ($3.39) and gave the stock a neutral rating in a report on Thursday, July 28th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of GBX 364.13 ($4.75).
Mitchells & Butlers plc (LON:MAB) opened at 271.90 on Thursday. Mitchells & Butlers plc has a 12 month low of GBX 207.00 and a 12 month high of GBX 365.00. The firm’s market cap is GBX 1.12 billion. 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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