Royal Bank of Canada initiated coverage on shares of Mitchells & Butlers (LON:MAB) in a report published on Tuesday. The brokerage issued an underperform rating and a GBX 275 ($3.59) price objective on the stock.
MAB has been the subject of a number of other research reports. Citigroup raised shares of Mitchells & Butlers to a neutral rating in a report on Monday, September 3rd. Peel Hunt reaffirmed a buy rating on shares of Mitchells & Butlers in a report on Tuesday, September 11th. Liberum Capital reaffirmed a sell rating on shares of Mitchells & Butlers in a report on Thursday, September 27th. Canaccord Genuity reaffirmed a hold rating and set a GBX 260 ($3.40) target price on shares of Mitchells & Butlers in a report on Thursday, September 27th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Mitchells & Butlers from GBX 270 ($3.53) to GBX 280 ($3.66) and gave the stock a neutral rating in a report on Friday, November 23rd. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of GBX 272.78 ($3.56).
Shares of Mitchells & Butlers stock opened at GBX 265.80 ($3.47) on Tuesday. Mitchells & Butlers has a fifty-two week low of GBX 219.90 ($2.87) and a fifty-two week high of GBX 284.80 ($3.72).
In other news, insider Phil Urban purchased 6,744 shares of Mitchells & Butlers stock in a transaction dated Thursday, November 29th. The shares were bought at an average cost of GBX 273 ($3.57) per share, with a total value of £18,411.12 ($24,057.39). Over the last three months, insiders have bought 6,849 shares of company stock worth $1,868,411.
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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