Canaccord Genuity reissued their buy rating on shares of Mitchells & Butlers plc (LON:MAB) in a research report sent to investors on Thursday. The brokerage currently has a GBX 350 ($4.57) price target on the stock.
A number of other research firms have also recently commented on MAB. HSBC upgraded Mitchells & Butlers plc to a buy rating and lifted their price objective for the stock from GBX 300 ($3.92) to GBX 340 ($4.44) in a research report on Wednesday, May 25th. Panmure Gordon reiterated a hold rating and set a GBX 280 ($3.65) price objective on shares of Mitchells & Butlers plc in a research report on Friday, September 9th. Numis Securities Ltd reiterated an add rating and set a GBX 268 ($3.50) price objective on shares of Mitchells & Butlers plc in a research report on Thursday, September 22nd. Shore Capital reiterated a hold rating on shares of Mitchells & Butlers plc in a research report on Thursday, September 22nd. Finally, FinnCap reiterated a buy rating on shares of Mitchells & Butlers plc in a research report on Thursday, July 28th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Mitchells & Butlers plc currently has a consensus rating of Buy and an average price target of GBX 357.40 ($4.67).
Mitchells & Butlers plc (LON:MAB) opened at 270.10 on Thursday. Mitchells & Butlers plc has a 52-week low of GBX 207.00 and a 52-week high of GBX 365.00. The firm has a 50-day moving average of GBX 261.73 and a 200-day moving average of GBX 264.59. The firm’s market cap is GBX 1.12 billion.
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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