Brokerages Set Mitchells & Butlers plc (MAB) Price Target at $257.50
Mitchells & Butlers plc (LON:MAB) has earned a consensus recommendation of “Hold” from the twelve analysts that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 257.50 ($3.56).
A number of brokerages have recently issued reports on MAB. JPMorgan Chase & Co. lowered their price target on Mitchells & Butlers from GBX 280 ($3.87) to GBX 270 ($3.73) and set a “neutral” rating on the stock in a research note on Tuesday, December 5th. Shore Capital reaffirmed a “hold” rating on shares of Mitchells & Butlers in a research note on Thursday, November 23rd. Barclays reaffirmed an “underweight” rating and issued a GBX 220 ($3.04) price target on shares of Mitchells & Butlers in a research note on Wednesday, November 29th. Deutsche Bank lifted their price target on Mitchells & Butlers from GBX 245 ($3.38) to GBX 250 ($3.45) and gave the stock a “hold” rating in a research note on Monday, November 27th. Finally, HSBC lowered their price target on Mitchells & Butlers from GBX 265 ($3.66) to GBX 260 ($3.59) and set a “hold” rating on the stock in a research note on Wednesday, December 6th.
Shares of Mitchells & Butlers (LON:MAB) traded up GBX 0.20 ($0.00) during trading hours on Friday, hitting GBX 252.20 ($3.48). The stock had a trading volume of 264,772 shares, compared to its average volume of 416,696. The firm has a market capitalization of $1,070.00 and a price-to-earnings ratio of 1,681.33. Mitchells & Butlers has a 12-month low of GBX 219.90 ($3.04) and a 12-month high of GBX 284.80 ($3.93).
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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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