Peel Hunt Reaffirms Add Rating for Mitchells & Butlers (MAB)

Peel Hunt reiterated their add rating on shares of Mitchells & Butlers (LON:MAB) in a research note issued to investors on Friday morning. They currently have a GBX 300 ($4.04) price target on the stock.

Several other brokerages have also recently commented on MAB. Deutsche Bank reiterated a hold rating and set a GBX 245 ($3.30) target price on shares of Mitchells & Butlers in a research report on Tuesday, November 21st. Liberum Capital reiterated a sell rating and set a GBX 210 ($2.83) target price on shares of Mitchells & Butlers in a research report on Tuesday, November 21st. Barclays reiterated an underweight rating and set a GBX 220 ($2.96) target price on shares of Mitchells & Butlers in a research report on Wednesday, November 29th. upped their target price on shares of Mitchells & Butlers from GBX 260 ($3.50) to GBX 265 ($3.57) and gave the company a hold rating in a research report on Friday, September 1st. Finally, Shore Capital reissued a hold rating on shares of Mitchells & Butlers in a report on Thursday, September 21st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of GBX 270.50 ($3.64).

Shares of Mitchells & Butlers (MAB) opened at GBX 260.80 ($3.51) on Friday. Mitchells & Butlers has a 1 year low of GBX 218 ($2.93) and a 1 year high of GBX 280 ($3.77).

The company also recently declared a dividend, which will be paid on Tuesday, February 6th. Stockholders of record on Thursday, December 14th will be issued a GBX 5 ($0.07) dividend. This is a positive change from Mitchells & Butlers’s previous dividend of $2.50. The ex-dividend date of this dividend is Thursday, December 14th. This represents a dividend yield of 1.99%.

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Mitchells & Butlers Company Profile

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 (LON:MAB)

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