Mitchells & Butlers plc Given Sell Rating at Panmure Gordon (MAB)
Mitchells & Butlers plc (LON:MAB)‘s stock had its “sell” rating restated by stock analysts at Panmure Gordon in a report issued on Thursday, American Banking and Market News reports. They currently have a GBX 365 ($6.01) price objective on the stock. Panmure Gordon’s price objective indicates a potential downside of 18.73% from the stock’s previous close.
Mitchells & Butlers plc (LON:MAB) traded up 2.42% during mid-day trading on Thursday, hitting GBX 449.10. The stock had a trading volume of 298,686 shares. Mitchells & Butlers plc has a one year low of GBX 306.40 and a one year high of GBX 475.00. The stock has a 50-day moving average of GBX 437.6 and a 200-day moving average of GBX 418.7. The company’s market cap is £1.841 billion.
MAB has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Mitchells & Butlers plc from GBX 400 ($6.59) to GBX 460 ($7.58) in a research note to investors on Friday, January 24th. They now have a “neutral” rating on the stock. Separately, analysts at Numis Securities Ltd downgraded shares of Mitchells & Butlers plc to an “add” rating in a research note to investors on Thursday, January 23rd. They now have a GBX 525 ($8.65) price target on the stock, up previously from GBX 500 ($8.24). Finally, 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 ($7.17) price target on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 443.72 ($7.31).
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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