Mitchells & Butlers plc (LON:MAB)‘s stock had its “add” rating reaffirmed by research analysts at Peel Hunt in a report issued on Thursday. They currently have a GBX 260 ($3.51) price target on the stock. Peel Hunt’s target price suggests a potential upside of 5.18% from the stock’s current price.
MAB has been the subject of a number of other research reports. Liberum Capital reaffirmed a “sell” rating and issued a GBX 210 ($2.83) price objective on shares of Mitchells & Butlers plc in a research note on Thursday. J P Morgan Chase & Co decreased their price objective on shares of Mitchells & Butlers plc from GBX 280 ($3.78) to GBX 260 ($3.51) and set a “neutral” rating for the company in a research note on Friday, July 28th. HSBC Holdings plc raised their price objective on shares of Mitchells & Butlers plc from GBX 260 ($3.51) to GBX 265 ($3.57) and gave the stock a “hold” rating in a research note on Friday, September 1st. Numis Securities Ltd raised shares of Mitchells & Butlers plc to a “hold” rating and set a GBX 255 ($3.44) price objective for the company in a research note on Thursday, July 27th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Mitchells & Butlers plc in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. Mitchells & Butlers plc currently has a consensus rating of “Hold” and an average price target of GBX 267.23 ($3.60).
Mitchells & Butlers plc (LON MAB) opened at 234.60 on Thursday. The firm’s market capitalization is GBX 973.59 million. The firm has a 50-day moving average price of GBX 243.49 and a 200 day moving average price of GBX 243.68. Mitchells & Butlers plc has a one year low of GBX 218.00 and a one year high of GBX 303.10.
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In other Mitchells & Butlers plc news, insider Dave Coplin purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, June 27th. The shares were acquired at an average price of GBX 231 ($3.11) per share, for a total transaction of £4,620 ($6,228.93). Insiders have bought a total of 2,170 shares of company stock worth $503,263 in the last 90 days.
About Mitchells & Butlers plc
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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