Mitchells & Butlers plc Price Target Raised to GBX 520 at Citigroup Inc. (MAB)
Equities research analysts at Citigroup Inc. lifted their price target on shares of Mitchells & Butlers plc (LON:MAB) from GBX 500 ($8.49) to GBX 520 ($8.83) in a research note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s price target indicates a potential upside of 32.69% from the company’s current price.
MAB has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Mitchells & Butlers plc in a research note on Tuesday. They now have a GBX 620 ($10.52) price target on the stock. Separately, 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). Finally, 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. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 473.82 ($8.04).
Mitchells & Butlers plc (LON:MAB) traded down 1.69% on Wednesday, hitting GBX 385.2625. 774,520 shares of the company’s stock traded hands. Mitchells & Butlers plc has a one year low of GBX 346.20 and a one year high of GBX 494.90. The stock’s 50-day moving average is GBX 421.5 and its 200-day moving average is GBX 443.4. The company’s market cap is £1.580 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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