Mitchells & Butlers plc (MAB) Rating Reiterated by Numis Securities Ltd
Mitchells & Butlers plc (LON:MAB)‘s stock had its “add” rating reiterated by equities research analysts at Numis Securities Ltd in a research report issued to clients and investors on Thursday. They currently have a GBX 268 ($3.50) price objective on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 1.09% from the company’s current price.
A number of other equities analysts also recently commented on MAB. Citigroup Inc. downgraded shares of Mitchells & Butlers plc to a “neutral” rating in a research note on Thursday, July 7th. JPMorgan Chase & Co. downgraded shares of Mitchells & Butlers plc to a “neutral” rating and reduced their price objective for the stock from GBX 330 ($4.31) to GBX 240 ($3.13) in a research note on Monday, July 4th. HSBC reduced their price objective on shares of Mitchells & Butlers plc from GBX 340 ($4.44) to GBX 275 ($3.59) and set a “buy” rating for the company in a research note on Monday, August 1st. FinnCap reissued a “buy” rating on shares of Mitchells & Butlers plc in a research note on Thursday, July 28th. Finally, Shore Capital reissued a “hold” rating on shares of Mitchells & Butlers plc in a research note on Wednesday, July 27th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Mitchells & Butlers plc currently has a consensus rating of “Hold” and a consensus target price of GBX 364.13 ($4.75).
Mitchells & Butlers plc (LON:MAB) opened at 271.30 on Thursday. The stock’s market capitalization is GBX 1.12 billion. Mitchells & Butlers plc has a 1-year low of GBX 207.00 and a 1-year high of GBX 365.00. The stock has a 50 day moving average price of GBX 258.98 and a 200-day moving average price of GBX 264.85.
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About Mitchells & Butlers plc
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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