Mitchells & Butlers plc (LON:MAB) has received a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 257.50 ($3.56).
A number of equities research analysts have recently issued reports on the stock. HSBC reissued a “hold” rating and issued a GBX 260 ($3.59) price target on shares of Mitchells & Butlers in a report on Friday. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 270 ($3.73) price target on shares of Mitchells & Butlers in a report on Monday, January 15th. Liberum Capital reissued a “sell” rating and issued a GBX 210 ($2.90) price target on shares of Mitchells & Butlers in a report on Monday, January 15th. Peel Hunt raised shares of Mitchells & Butlers to a “buy” rating and increased their price target for the stock from GBX 300 ($4.14) to GBX 325 ($4.49) in a report on Friday, January 12th. Finally, Shore Capital reissued a “hold” rating on shares of Mitchells & Butlers in a report on Friday, January 12th.
Mitchells & Butlers (MAB) traded up GBX 0.20 ($0.00) during midday trading on Wednesday, reaching GBX 236.20 ($3.26). 210,088 shares of the company’s stock traded hands, compared to its average volume of 376,195. The stock has a market capitalization of $1,010.00 and a P/E ratio of 1,574.67. Mitchells & Butlers has a 1-year low of GBX 219.90 ($3.04) and a 1-year high of GBX 284.80 ($3.93).
The business also recently disclosed a dividend, which was paid on Tuesday, February 6th. Investors of record on Thursday, December 14th were given a GBX 5 ($0.07) dividend. This represents a dividend yield of 1.99%. This is a boost from Mitchells & Butlers’s previous dividend of $2.50. The ex-dividend date was Thursday, December 14th.
In related news, insider Phil Urban acquired 1,597 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were bought at an average cost of GBX 237 ($3.27) per share, for a total transaction of £3,784.89 ($5,229.19). Over the last 90 days, insiders purchased 24,794 shares of company stock worth $6,363,050.
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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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