Mitchells & Butlers plc (LON:MAB)‘s stock had its “add” rating restated by equities researchers at Numis Securities Ltd in a research note issued on Thursday. They presently have a GBX 268 ($3.50) price objective on the stock. Numis Securities Ltd’s price objective would indicate a potential downside of 0.89% from the company’s current price.
A number of other equities research analysts also recently weighed in on the company. Panmure Gordon restated a “hold” rating and issued a GBX 280 ($3.65) target price on shares of Mitchells & Butlers plc in a research report on Thursday. HSBC cut their target price on Mitchells & Butlers plc from GBX 340 ($4.44) to GBX 275 ($3.59) and set a “buy” rating for the company in a research report on Monday, August 1st. Canaccord Genuity cut their target price on Mitchells & Butlers plc from GBX 360 ($4.70) to GBX 350 ($4.57) and set a ” buy” rating for the company in a research report on Thursday, July 28th. FinnCap restated a “buy” rating on shares of Mitchells & Butlers plc in a research report on Thursday, July 28th. Finally, JPMorgan Chase & Co. upped their target price on Mitchells & Butlers plc from GBX 240 ($3.13) to GBX 260 ($3.39) and gave the stock a “neutral” rating in a research report on Thursday, July 28th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Mitchells & Butlers plc has an average rating of “Buy” and a consensus price target of GBX 357.40 ($4.67).
Mitchells & Butlers plc (LON:MAB) opened at 271.40 on Thursday. The company has a 50-day moving average price of GBX 260.73 and a 200-day moving average price of GBX 264.93. The firm’s market cap is GBX 1.12 billion. Mitchells & Butlers plc has a one year low of GBX 207.00 and a one year high of GBX 365.00.
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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