Mitchells & Butlers plc Rating Reiterated by Citigroup Inc. (MAB)
Mitchells & Butlers plc (LON:MAB)‘s stock had its “neutral” rating restated by Citigroup Inc. in a research note issued on Monday, Stock Ratings Network.com reports.
Shares of Mitchells & Butlers plc (LON:MAB) traded down 0.28% on Monday, hitting GBX 393.30. The stock had a trading volume of 77,286 shares. Mitchells & Butlers plc has a 52 week low of GBX 292.70 and a 52 week 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 £1.613 billion.
MAB has been the subject of a number of other recent research reports. Analysts at AlphaValue reiterated a “sell” rating on shares of Mitchells & Butlers plc in a research note to investors on Thursday. They now have a GBX 347 ($5.57) price target on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Mitchells & Butlers plc from GBX 410 ($6.58) to GBX 400 ($6.42) in a research note to investors on Thursday, September 26th. They now have an “underweight” rating on the stock. Finally, analysts at Shore Capital Stockbrokers reiterated a “hold” rating on shares of Mitchells & Butlers plc in a research note to investors on Thursday, September 26th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Mitchells & Butlers plc currently has an average rating of “Hold” and an average target price of GBX 425.25 ($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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