Mitchells & Butlers plc (MAB) Rating Reiterated by Peel Hunt

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.

WARNING: This piece was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this piece on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece can be viewed at https://www.chaffeybreeze.com/2017/09/21/mitchells-butlers-plc-mab-rating-reiterated-by-peel-hunt.html.

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.

Analyst Recommendations for Mitchells & Butlers plc (LON:MAB)

Receive News & Ratings for Mitchells & Butlers plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitchells & Butlers plc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply