Mitchells & Butlers plc Rating Reiterated by Numis Securities Ltd (MAB)
Mitchells & Butlers plc (LON:MAB)‘s stock had its “add” rating reaffirmed by analysts at Numis Securities Ltd in a research report issued to clients and investors on Monday, Analyst Ratings Network.com reports. They currently have a GBX 500 ($8.09) price target on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 25.53% from the stock’s previous close.
Shares of Mitchells & Butlers plc (LON:MAB) opened at 399.90 on Monday. 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 420.5 and a 200-day moving average of GBX 387.3. The company’s market cap is £1.640 billion.
Other equities research analysts have also recently issued reports about the stock. 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 363 ($5.87) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Mitchells & Butlers plc in a research note to investors on Monday, October 7th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Mitchells & Butlers plc has an average rating of “Hold” and a consensus price target of GBX 426.70 ($6.90).
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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