Mitchells & Butlers plc Receives “Add” Rating from Numis Securities Ltd (MAB)
Mitchells & Butlers plc (LON:MAB)‘s stock had its “add” rating reiterated by investment analysts at Numis Securities Ltd in a note issued to investors on Monday, AnalystRatingsNetwork reports. They currently have a GBX 500 ($8.01) price target on the stock. Numis Securities Ltd’s price objective points to a potential upside of 19.47% from the company’s current price.
A number of other firms have also recently commented on MAB. Analysts at Panmure Gordon reiterated a “sell” rating on shares of Mitchells & Butlers plc (LON:MAB) in a research note to investors on Friday. They now have a GBX 310 ($4.97) price target on the stock. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Mitchells & Butlers plc (LON:MAB) from a “neutral” rating to an “underweight” rating in a research note to investors on Thursday, September 12th. They now have a GBX 410 ($6.57) price target on the stock. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Mitchells & Butlers plc (LON:MAB) in a research note to investors on Friday, September 6th. They now have a GBX 380 ($6.09) price target on the stock.
Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 426.97 ($6.84).
Shares of Mitchells & Butlers plc (LON:MAB) opened at 429.70 on Monday. Mitchells & Butlers plc has a one year low of GBX 282.00 and a one year high of GBX 475.00. The stock’s 50-day moving average is GBX 428.9 and its 200-day moving average is GBX 378.2. The company’s market cap is £1.762 billion.
Mitchells & Butlers plc is an operator of managed pubs and pub restaurants. As of September 25, 2010, it had an estate of 1,909 sites, including 86 leased and franchised sites in the United Kingdom, and 43 pub restaurants in Germany.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.