Mitchells & Butlers plc Receives Buy Rating from Deutsche Bank (MAB)
Mitchells & Butlers plc (LON:MAB)‘s stock had its “buy” rating reiterated by Deutsche Bank in a research note issued on Tuesday. They currently have a GBX 620 ($10.52) target price on the stock. Deutsche Bank’s price target would indicate a potential upside of 58.20% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. downgraded shares of Mitchells & Butlers plc to a “neutral” rating in a research note on Tuesday. They now have a GBX 430 ($7.30) price target on the stock, down previously from GBX 550 ($9.34). Separately, analysts at Nomura reiterated a “buy” rating on shares of Mitchells & Butlers plc in a research note on Monday. They now have a GBX 540 ($9.17) price target on the stock. Finally, analysts at Oriel Securities Ltd reiterated a “reduce” rating on shares of Mitchells & Butlers plc in a research note on Monday. Three research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. Mitchells & Butlers plc has a consensus rating of “Hold” and an average target price of GBX 472.28 ($8.02).
Mitchells & Butlers plc (LON:MAB) traded down 2.63% on Tuesday, hitting GBX 391.90. 1,547,394 shares of the company’s stock traded hands. Mitchells & Butlers plc has a 52 week low of GBX 346.20 and a 52 week high of GBX 494.90. The stock has a 50-day moving average of GBX 422.9 and a 200-day moving average of GBX 443.6. The company’s market cap is £1.607 billion.
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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