AlphaValue Reiterates “Sell” Rating for Mitchells & Butlers plc (MAB)
Mitchells & Butlers plc (LON:MAB)‘s stock had its “sell” rating reaffirmed by investment analysts at AlphaValue in a note issued to investors on Thursday, Stock Ratings Network reports. They currently have a GBX 347 ($5.60) price target on the stock. AlphaValue’s target price would suggest a potential downside of 10.87% from the company’s current price.
A number of other firms have also recently commented on MAB. Analysts at JPMorgan Chase & Co. cut their price target on shares of Mitchells & Butlers plc (LON:MAB) from GBX 410 ($6.62) to GBX 400 ($6.45) in a research note to investors on Thursday, September 26th. They now have an “underweight” rating on the stock. Separately, 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, September 26th. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Mitchells & Butlers plc (LON:MAB) in a research note to investors on Wednesday, September 25th. They now have a GBX 435 ($7.02) price target on the stock. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 425.25 ($6.86).
Mitchells & Butlers plc (LON:MAB) traded up 2.49% on Thursday, hitting GBX 399.00. 105,659 shares of the company’s stock traded hands. Mitchells & Butlers plc has a 1-year low of GBX 288.10 and a 1-year high of GBX 475.00. The stock has a 50-day moving average of GBX 428.9 and a 200-day moving average of GBX 378.2. The company’s market cap is £1.636 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.
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