Mitchells & Butlers plc (LON:MAB) had its price objective hoisted by equities research analysts at Peel Hunt from GBX 260 ($3.43) to GBX 300 ($3.96) in a research note issued on Wednesday. The brokerage currently has an “add” rating on the stock. Peel Hunt’s price objective suggests a potential upside of 20.24% from the company’s previous close.
A number of other equities research analysts have also issued reports on MAB. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 245 ($3.23) target price on shares of Mitchells & Butlers plc in a report on Wednesday, October 18th. HSBC Holdings plc upped their target price on shares of Mitchells & Butlers plc from GBX 260 ($3.43) to GBX 265 ($3.50) and gave the stock a “hold” rating in a report on Friday, September 1st. Canaccord Genuity dropped their target price on shares of Mitchells & Butlers plc from GBX 285 ($3.76) to GBX 240 ($3.17) and set a “hold” rating for the company in a report on Thursday, July 27th. Shore Capital reaffirmed a “hold” rating on shares of Mitchells & Butlers plc in a report on Thursday, September 21st. Finally, Liberum Capital reaffirmed a “sell” rating and set a GBX 210 ($2.77) target price on shares of Mitchells & Butlers plc in a report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 272 ($3.59).
Mitchells & Butlers plc (LON MAB) opened at 252.40 on Wednesday. Mitchells & Butlers plc has a 52-week low of GBX 218.00 and a 52-week high of GBX 293.00. The company’s market cap is GBX 1.05 billion. The firm’s 50-day moving average is GBX 248.79 and its 200 day moving average is GBX 244.45.
WARNING: This news story was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another site, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://www.dispatchtribunal.com/2017/10/27/mitchells-butlers-plc-mab-pt-raised-to-gbx-300.html.
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.
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.