Nomura Upgrades Mitchells & Butlers plc to “Buy” (MAB)
Mitchells & Butlers plc (LON:MAB) was upgraded by stock analysts at Nomura to a “buy” rating in a report issued on Friday, Stock Ratings Network reports. The firm currently has a GBX 540 ($8.87) target price on the stock, up from their previous target price of GBX 390 ($6.41). Nomura’s price target would suggest a potential upside of 17.39% from the company’s current price.
Shares of Mitchells & Butlers plc (LON:MAB) opened at 460.00 on Friday. Mitchells & Butlers plc has a 52 week low of GBX 306.40 and a 52 week high of GBX 475.00. The stock has a 50-day moving average of GBX 440.9 and a 200-day moving average of GBX 420.. The company’s market cap is £1.881 billion.
A number of other analysts have also recently weighed in on MAB. Analysts at HSBC raised their price target on shares of Mitchells & Butlers plc from GBX 500 ($8.22) to GBX 510 ($8.38) in a research note to investors on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Mitchells & Butlers plc from GBX 480 ($7.89) to GBX 500 ($8.22) in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Mitchells & Butlers plc in a research note to investors on Friday, January 31st. They now have a GBX 435 ($7.15) price target on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 457.05 ($7.51).
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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