MITCHELLS &BUTLERS (NASDAQ:MBPFF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The brokerage currently has a $3.75 target price on the stock.

According to Zacks, “Mitchells & Butlers Plc is engaged in restaurants & pubs business. 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. Its business segment consists of Retail Operating and Property business. Retail Operating business manages Group’s retail operating units. Property business holds the Group’s freehold and leasehold property. Mitchells & Butlers Plc is headquartered in Birmingham, the United Kingdom. “

Shares of MITCHELLS &BUTLERS (NASDAQ:MBPFF) remained flat at $3.35 during mid-day trading on Friday. The stock has a market capitalization of $1.39 billion and a price-to-earnings ratio of 15.51. MITCHELLS &BUTLERS has a 1-year low of $3.15 and a 1-year high of $4.00.

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