Mitchells & Butlers’ (MAB) “Add” Rating Reaffirmed at Peel Hunt
Peel Hunt restated their add rating on shares of Mitchells & Butlers (LON:MAB) in a research note issued to investors on Friday morning. They currently have a GBX 300 ($4.02) target price on the stock.
MAB has been the topic of a number of other research reports. Citigroup restated a sell rating on shares of Mitchells & Butlers in a research note on Friday, November 24th. Deutsche Bank restated a hold rating and issued a GBX 245 ($3.28) target price on shares of Mitchells & Butlers in a research note on Tuesday, November 21st. Liberum Capital restated a sell rating and issued a GBX 210 ($2.81) target price on shares of Mitchells & Butlers in a research note on Thursday, September 21st. Numis Securities restated a hold rating and issued a GBX 255 ($3.42) target price on shares of Mitchells & Butlers in a research note on Thursday, November 23rd. Finally, Barclays restated an underweight rating and issued a GBX 220 ($2.95) target price on shares of Mitchells & Butlers in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. Mitchells & Butlers presently has a consensus rating of Hold and an average target price of GBX 268.50 ($3.60).
Shares of Mitchells & Butlers (MAB) traded down GBX 4.50 ($0.06) during midday trading on Friday, hitting GBX 262.60 ($3.52). The stock had a trading volume of 401,641 shares, compared to its average volume of 466,514. Mitchells & Butlers has a 12-month low of GBX 218 ($2.92) and a 12-month high of GBX 280 ($3.75).
The business also recently declared a dividend, which will be paid on Tuesday, February 6th. Investors of record on Thursday, December 14th will be issued a GBX 5 ($0.07) dividend. This represents a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, December 14th. This is a boost from Mitchells & Butlers’s previous dividend of $2.50.
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Mitchells & Butlers Company Profile
Mitchells & Butlers plc is an operator of managed restaurants and pubs. The Company’s portfolio of brands and formats includes Harvester, Toby Carvery, All Bar One, Miller & Carter, Premium Country Pubs, Sizzling Pubs, Crown Carveries, Stonehouse, Vintage Inns, Browns, Castle, Nicholson’s, O’Neill’s and Ember Inns.
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