Mitchells & Butlers (LON:MAB) had its price objective raised by Barclays from GBX 220 ($2.98) to GBX 225 ($3.05) in a research report released on Friday. The brokerage currently has an underweight rating on the stock.
A number of other analysts have also recently issued reports on the company. Liberum Capital reissued a sell rating and set a GBX 210 ($2.85) price objective on shares of Mitchells & Butlers in a report on Wednesday, February 28th. Peel Hunt reissued a buy rating and set a GBX 325 ($4.41) price objective on shares of Mitchells & Butlers in a report on Wednesday, March 28th. HSBC reissued a hold rating and set a GBX 260 ($3.53) price objective on shares of Mitchells & Butlers in a report on Friday, February 16th. Finally, Citigroup reissued a sell rating on shares of Mitchells & Butlers in a report on Thursday. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of GBX 258 ($3.50).
MAB traded up GBX 5.80 ($0.08) during trading on Friday, reaching GBX 267.80 ($3.63). 1,424,323 shares of the company were exchanged, compared to its average volume of 415,480. Mitchells & Butlers has a 12-month low of GBX 219.90 ($2.98) and a 12-month high of GBX 284.80 ($3.86).
About Mitchells & Butlers
Mitchells & Butlers plc managed pubs and restaurants in the United Kingdom and Germany. The company operates through Retail Operating Business and Property Business segments. It operates its pubs and restaurants under the Harvester, Toby Carvery, All Bar One, Miller & Carter, Premium Country Pubs, Sizzling Pubs, Oak Tree Pubs, Crown Carveries, Stonehouse, Vintage Inns, Browns, Castle, Nicholson's, O'Neill's, Innkeeper's Lodge, Alex, and Ember Inns brands and formats.
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