Mitchells & Butlers plc Given Buy Rating at Deutsche Bank (MAB)
Mitchells & Butlers plc (LON:MAB)‘s stock had its “buy” rating reiterated by research analysts at Deutsche Bank in a report released on Wednesday. They currently have a GBX 590 ($9.79) price target on the stock. Deutsche Bank’s price target would suggest a potential upside of 41.35% from the company’s current price.
Several other analysts have also recently commented on the stock. 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 ($8.30) 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 ($8.63) 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 ($8.96) price target on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of GBX 465.80 ($7.73).
Mitchells & Butlers plc (LON:MAB) traded up 0.22% on Wednesday, hitting GBX 415.80. 130,756 shares of the company’s stock traded hands. Mitchells & Butlers plc has a one year low of GBX 368.40 and a one year high of GBX 494.90. The stock has a 50-day moving average of GBX 393.2 and a 200-day moving average of GBX 426.3. The company’s market cap is £1.705 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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