Mitchells & Butlers plc Given Consensus Recommendation of “Buy” by Brokerages (LON:MAB)
Mitchells & Butlers plc (LON:MAB) has received an average recommendation of “Buy” from the fifteen brokerages that are covering the stock, American Banking and Market News reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is GBX 468.30 ($7.86).
A number of research firms have recently commented on MAB. Analysts at Barclays reiterated an “overweight” rating on shares of Mitchells & Butlers plc in a research note on Wednesday, August 6th. They now have a GBX 500 ($8.39) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Mitchells & Butlers plc in a research note on Tuesday, August 5th. They now have a GBX 520 ($8.72) price target on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of Mitchells & Butlers plc in a research note on Friday, August 1st. They now have a GBX 540 ($9.06) price target on the stock.
Shares of Mitchells & Butlers plc (LON:MAB) opened at 405.40 on Wednesday. Mitchells & Butlers plc has a 52-week low of GBX 368.40 and a 52-week high of GBX 494.90. The stock’s 50-day moving average is GBX 385.1 and its 200-day moving average is GBX 429.. The company’s market cap is £1.662 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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