Panmure Gordon Reaffirms Hold Rating for Mitchells & Butlers plc (MAB)
Mitchells & Butlers plc (LON:MAB)‘s stock had its “hold” rating reiterated by analysts at Panmure Gordon in a report issued on Thursday. They currently have a GBX 280 ($3.65) price target on the stock. Panmure Gordon’s price target would indicate a potential upside of 5.62% from the company’s current price.
A number of other research firms have also recently weighed in on MAB. HSBC raised shares of Mitchells & Butlers plc to a “buy” rating and upped their target price for the company from GBX 300 ($3.92) to GBX 340 ($4.44) in a research note on Wednesday, May 25th. FinnCap reaffirmed a “buy” rating on shares of Mitchells & Butlers plc in a research note on Thursday, July 28th. JPMorgan Chase & Co. upped their price objective on shares of Mitchells & Butlers plc from GBX 240 ($3.13) to GBX 260 ($3.39) and gave the stock a “neutral” rating in a research note on Thursday, July 28th. Canaccord Genuity decreased their price objective on shares of Mitchells & Butlers plc from GBX 360 ($4.70) to GBX 350 ($4.57) and set a ” buy” rating on the stock in a research note on Thursday, July 28th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Mitchells & Butlers plc in a research note on Wednesday, July 27th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Mitchells & Butlers plc currently has an average rating of “Hold” and an average target price of GBX 380.19 ($4.96).
Mitchells & Butlers plc (LON:MAB) opened at 270.22 on Thursday. The company’s market cap is GBX 1.12 billion. The firm has a 50 day moving average price of GBX 258.98 and a 200 day moving average price of GBX 264.85. Mitchells & Butlers plc has a 12-month low of GBX 207.00 and a 12-month high of GBX 365.00.
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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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