Mitchells & Butlers plc (MAB) PT Raised to GBX 300

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.

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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)

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