Mitchells & Butlers plc Price Target Raised to GBX 460 at JPMorgan Chase & Co. (MAB)
Research analysts at JPMorgan Chase & Co. upped their target price on shares of Mitchells & Butlers plc (LON:MAB) from GBX 400 ($6.57) to GBX 460 ($7.55) in a report released on Friday, AR Network reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 3.14% from the stock’s previous close.
Mitchells & Butlers plc (LON:MAB) traded down 0.89% on Friday, hitting GBX 446.00. 388,694 shares of the company’s stock traded hands. Mitchells & Butlers plc has a 1-year low of GBX 292.70 and a 1-year high of GBX 475.00. The stock has a 50-day moving average of GBX 434.6 and a 200-day moving average of GBX 417.1. The company’s market cap is £1.829 billion.
A number of other analysts have also recently weighed in on MAB. Analysts at Numis Securities Ltd downgraded shares of Mitchells & Butlers plc to an “add” rating in a research note to investors on Thursday. They now have a GBX 525 ($8.62) price target on the stock, up previously from GBX 500 ($8.21). Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Mitchells & Butlers plc in a research note to investors on Friday, January 10th. They now have a GBX 435 ($7.14) price target on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Mitchells & Butlers plc has a consensus rating of “Hold” and an average price target of GBX 439.13 ($7.21).
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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