Panmure Gordon reiterated their hold rating on shares of Mitchells & Butlers plc (LON:MAB) in a report issued on Thursday morning. Panmure Gordon currently has a GBX 280 ($3.65) price objective on the stock.
MAB has been the subject of a number of other research reports. Canaccord Genuity restated a buy rating and issued a GBX 360 ($4.70) price target on shares of Mitchells & Butlers plc in a research note on Wednesday, July 27th. Citigroup Inc. lowered shares of Mitchells & Butlers plc to a neutral rating in a research note on Thursday, July 7th. JPMorgan Chase & Co. lowered shares of Mitchells & Butlers plc to a neutral rating and lowered their target price for the company from GBX 330 ($4.31) to GBX 240 ($3.13) in a research note on Monday, July 4th. FinnCap reiterated a buy rating on shares of Mitchells & Butlers plc in a research note on Thursday, July 28th. Finally, HSBC upgraded shares of Mitchells & Butlers plc to a buy rating and boosted their target price for the company from GBX 300 ($3.92) to GBX 340 ($4.44) in a research note on Wednesday, May 25th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Mitchells & Butlers plc currently has a consensus rating of Buy and an average target price of GBX 364.13 ($4.75).
Mitchells & Butlers plc (LON:MAB) opened at 273.40 on Thursday. The stock has a 50 day moving average of GBX 259.93 and a 200-day moving average of GBX 264.90. Mitchells & Butlers plc has a one year low of GBX 207.00 and a one year high of GBX 365.00. The stock’s market cap is GBX 1.13 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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