Mitchells & Butlers plc Given “Hold” Rating at Deutsche Bank (MAB)
Mitchells & Butlers plc (LON:MAB)‘s stock had its “hold” rating restated by research analysts at Deutsche Bank in a report released on Friday, American Banking & Market News reports. They currently have a GBX 435 ($7.17) price objective on the stock. Deutsche Bank’s price objective points to a potential downside of 3.29% from the stock’s previous close.
A number of other analysts have also recently weighed in on MAB. Analysts at Panmure Gordon reiterated a “sell” rating on shares of Mitchells & Butlers plc in a research note to investors on Thursday. They now have a GBX 365 ($6.01) price target on the stock. Separately, 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. Finally, 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). Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 443.72 ($7.31).
Shares of Mitchells & Butlers plc (LON:MAB) opened at 449.80 on Friday. Mitchells & Butlers plc has a 52 week low of GBX 296.00 and a 52 week high of GBX 475.00. The stock’s 50-day moving average is GBX 438.4 and its 200-day moving average is GBX 418.. The company’s market cap is £1.844 billion.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.