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Mitchells & Butlers plc (LON:MAB) was upgraded by research analysts at Deutsche Bank to a “buy” rating in a report released on Monday, AnalystRatings.NET reports. The firm currently has a GBX 620 ($10.42) price objective on the stock, up from their previous price objective of GBX 435 ($7.31). Deutsche Bank’s price objective indicates a potential upside of 41.97% from the stock’s previous close.

Shares of Mitchells & Butlers plc (LON:MAB) opened at 443.60 on Monday. Mitchells & Butlers plc has a 52 week low of GBX 331.30 and a 52 week high of GBX 494.90. The stock’s 50-day moving average is GBX 460. and its 200-day moving average is GBX 436.5. The company’s market cap is £1.814 billion.

MAB has been the subject of a number of other recent research reports. Analysts at Nomura reiterated a “buy” rating on shares of Mitchells & Butlers plc in a research note on Tuesday, April 22nd. They now have a GBX 540 ($9.07) price target on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Mitchells & Butlers plc to an “overweight” rating in a research note on Thursday, April 3rd. They now have a GBX 530 ($8.90) price target on the stock, up previously from GBX 460 ($7.73). Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Mitchells & Butlers plc in a research note on Friday, March 28th. They now have a GBX 500 ($8.40) price target on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 478.30 ($8.04).

Mitchells & Butlers plc is an operator of managed restaurants and pubs in United Kingdom. Approximately, the Company had an estate of 1,649 sites including 60 leased and franchised sites and 40 restaurants in Germany.

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