Mitchells & Butlers (LON:MAB)‘s stock had its “reduce” rating reiterated by stock analysts at Numis Securities in a research note issued to investors on Thursday. They currently have a GBX 250 ($3.39) target price on the stock. Numis Securities’ target price points to a potential downside of 7.75% from the company’s current price.
Other analysts also recently issued reports about the company. JPMorgan Chase & Co. cut their target price on Mitchells & Butlers from GBX 280 ($3.80) to GBX 270 ($3.66) and set a “neutral” rating for the company in a research note on Tuesday, December 5th. Liberum Capital reaffirmed a “sell” rating and issued a GBX 210 ($2.85) target price on shares of Mitchells & Butlers in a research note on Thursday, September 21st. Peel Hunt reaffirmed an “add” rating and issued a GBX 260 ($3.53) target price on shares of Mitchells & Butlers in a research note on Thursday, September 21st. Shore Capital reaffirmed a “hold” rating on shares of Mitchells & Butlers in a research note on Thursday, November 23rd. Finally, Deutsche Bank raised their target price on Mitchells & Butlers from GBX 245 ($3.32) to GBX 250 ($3.39) and gave the stock a “hold” rating in a research note on Monday, November 27th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. Mitchells & Butlers presently has an average rating of “Hold” and a consensus target price of GBX 257.50 ($3.49).
Shares of Mitchells & Butlers (LON MAB) opened at GBX 271 ($3.68) on Thursday. Mitchells & Butlers has a 52 week low of GBX 219.90 ($2.98) and a 52 week high of GBX 284.80 ($3.86). The stock has a market capitalization of $1,130.00 and a price-to-earnings ratio of 1,806.67.
In other Mitchells & Butlers news, insider Phil Urban purchased 23,036 shares of the stock in a transaction dated Monday, December 11th. The stock was acquired at an average cost of GBX 258 ($3.50) per share, for a total transaction of £59,432.88 ($80,597.88). Over the last quarter, insiders have bought 23,198 shares of company stock valued at $5,984,782.
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About Mitchells & Butlers
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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