Canaccord Genuity Reaffirms “Buy” Rating for Mitchells & Butlers plc (MAB)
Mitchells & Butlers plc (LON:MAB)‘s stock had its “buy” rating reiterated by equities researchers at Canaccord Genuity in a report released on Thursday. They presently have a GBX 350 ($4.57) price objective on the stock. Canaccord Genuity’s price target indicates a potential upside of 32.03% from the stock’s current price.
A number of other equities analysts have also issued reports on the stock. Citigroup Inc. lowered shares of Mitchells & Butlers plc to a “neutral” rating in a research report on Thursday, July 7th. JPMorgan Chase & Co. lowered shares of Mitchells & Butlers plc to a “neutral” rating and reduced their target price for the stock from GBX 330 ($4.31) to GBX 240 ($3.13) in a research report on Monday, July 4th. HSBC reduced their target price on shares of Mitchells & Butlers plc from GBX 340 ($4.44) to GBX 275 ($3.59) and set a “buy” rating on the stock in a research report on Monday, August 1st. FinnCap reiterated a “buy” rating on shares of Mitchells & Butlers plc in a research report on Thursday, July 28th. Finally, Shore Capital reiterated a “hold” rating on shares of Mitchells & Butlers plc in a research report on Wednesday, July 27th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Mitchells & Butlers plc has an average rating of “Buy” and a consensus price target of GBX 364.13 ($4.75).
Mitchells & Butlers plc (LON:MAB) opened at 271.30 on Thursday. Mitchells & Butlers plc has a 52-week low of GBX 207.00 and a 52-week high of GBX 365.00. The firm’s 50-day moving average is GBX 258.98 and its 200 day moving average is GBX 264.85. The stock’s market capitalization is GBX 1.12 billion.
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Mitchells & Butlers plc Company Profile
Mitchells & Butlers plc is an operator of restaurants, pubs and bars. The Company operates through retail operating business and property business segments. The Company operates approximately 1,700 restaurants and pubs in the United Kingdom. The Company’s brands include Sizzling Pubs, Vintage Inns, Harvester, Ember Inns, Toby Carvery, Crown Carveries, Castle, Nicholson’s, O’Neill’s, Alex, All Bar One, Miller & Carter, Browns, Innkeeper’s Lodge, Oak Tree, Orchid Pubs and Premium Country Pubs.
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