JPMorgan Chase Reaffirms Neutral Rating on Mitchells & Butlers plc (MAB)
Mitchells & Butlers plc (LON: MAB)‘s stock had its “neutral” rating restated by equities researchers at JPMorgan Chase in a report issued on Thursday. They currently have a $5.05 (320 GBX) target price on the stock.
Mitchells & Butlers plc opened at 322.70 on Thursday. Mitchells & Butlers plc has a 52-week low of GBX 216.00 and a 52-week high of GBX 339.60. The stock’s 50-day moving average is currently GBX 292.3. The company’s market cap is £1.316 billion.
A number of other analysts have also recently weighed in on MAB. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of Mitchells & Butlers plc in a research note to investors on Tuesday. They now have a $6.28 price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Mitchells & Butlers plc in a research note to investors on Tuesday, January 8th. They now have a $8.06 price target on the stock. Finally, analysts at Nomura initiated coverage on shares of Mitchells & Butlers plc in a research note to investors on Thursday, November 29th. They set a “neutral” rating and a $5.15 price target on the stock.
Mitchells & Butlers plc is an operator of managed pubs and pub restaurants. As of September 25, 2010, it had an estate of 1,909 sites, including 86 leased and franchised sites in the United Kingdom, and 43 pub restaurants in Germany.
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