Mitchells & Butlers plc Stock Rating Reaffirmed by JPMorgan Chase & Co. (MAB)
Mitchells & Butlers plc (LON:MAB)‘s stock had its “underweight” rating restated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday, American Banking & Market News reports. They currently have a GBX 400 ($6.41) price target on the stock. JPMorgan Chase & Co.’s price target points to a potential downside of 6.69% from the stock’s previous close.
Shares of Mitchells & Butlers plc (LON:MAB) traded down 4.62% on Thursday, hitting GBX 408.90. The stock had a trading volume of 270,495 shares. Mitchells & Butlers plc has a 1-year low of GBX 283.00 and a 1-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 £1.676 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Shore Capital Stockbrokers reiterated a “hold” rating on shares of Mitchells & Butlers plc (LON:MAB) in a research note to investors on Thursday. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Mitchells & Butlers plc (LON:MAB) in a research note to investors on Wednesday. They now have a GBX 435 ($6.97) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Mitchells & Butlers plc (LON:MAB) in a research note to investors on Monday. They now have a GBX 500 ($8.01) price target on the stock. Three analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Mitchells & Butlers plc presently has an average rating of “Hold” and an average target price of GBX 426.06 ($6.82).
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.
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