AlphaValue Upgrades Mitchells & Butlers plc to Reduce (MAB)
Mitchells & Butlers plc (LON:MAB) was upgraded by equities researchers at AlphaValue to a “reduce” rating in a research report issued on Thursday, AmericanBankingNews.com reports. The firm currently has a GBX 371.60 ($6.01) price target on the stock, up from their previous price target of GBX 371.10 ($6.00). AlphaValue’s price objective would indicate a potential downside of 6.80% from the company’s current price.
Shares of Mitchells & Butlers plc (LON:MAB) opened at 400.18 on Thursday. Mitchells & Butlers plc has a one year low of GBX 292.70 and a one year high of GBX 475.00. The stock’s 50-day moving average is GBX 420.5 and its 200-day moving average is GBX 387.3. The company’s market cap is £1.641 billion.
MAB has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of Mitchells & Butlers plc in a research note to investors on Monday. They now have a GBX 500 ($8.09) 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. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Mitchells & Butlers plc from GBX 410 ($6.63) to GBX 400 ($6.47) in a research note to investors on Thursday, September 26th. They now have an “underweight” rating on the stock. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 427.48 ($6.91).
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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