A number of other equities research analysts have also issued reports on the stock. Canaccord Genuity reaffirmed a buy rating and set a GBX 360 ($4.70) target price (down previously from GBX 375 ($4.89)) on shares of Mitchells & Butlers plc in a report on Thursday, May 19th. Citigroup Inc. lowered shares of Mitchells & Butlers plc to a neutral rating in a report on Thursday, July 7th. JPMorgan Chase & Co. lowered shares of Mitchells & Butlers plc to a neutral rating and dropped their target price for the stock from GBX 330 ($4.31) to GBX 240 ($3.13) in a report on Monday, July 4th. HSBC dropped their target price on shares of Mitchells & Butlers plc from GBX 340 ($4.44) to GBX 275 ($3.59) and set a buy rating for the company in a report on Monday, August 1st. Finally, FinnCap reaffirmed a buy rating on shares of Mitchells & Butlers plc in a report on Thursday, July 28th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of GBX 380.19 ($4.96).
Shares of Mitchells & Butlers plc (LON:MAB) opened at 266.40 on Thursday. Mitchells & Butlers plc has a 12-month low of GBX 207.00 and a 12-month high of GBX 365.00. The stock has a 50 day moving average of GBX 258.37 and a 200 day moving average of GBX 265.05. The company’s market cap is GBX 1.10 billion.
About Mitchells & Butlers plc
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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