Mitchells & Butlers plc (MAB) Given Average Recommendation of “Hold” by Brokerages
Shares of Mitchells & Butlers plc (LON:MAB) have earned an average rating of “Hold” from the fifteen brokerages that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is GBX 267.23 ($3.45).
A number of analysts have recently issued reports on the stock. J P Morgan Chase & Co lowered their price objective on shares of Mitchells & Butlers plc from GBX 280 ($3.62) to GBX 260 ($3.36) and set a “neutral” rating on the stock in a report on Friday, July 28th. Peel Hunt reiterated an “add” rating and issued a GBX 300 ($3.87) price objective on shares of Mitchells & Butlers plc in a report on Friday, June 9th. HSBC Holdings plc lifted their price objective on shares of Mitchells & Butlers plc from GBX 260 ($3.36) to GBX 265 ($3.42) and gave the company a “hold” rating in a report on Friday, September 1st. Liberum Capital assumed coverage on shares of Mitchells & Butlers plc in a report on Wednesday, July 5th. They issued a “sell” rating and a GBX 210 ($2.71) price objective on the stock. Finally, Numis Securities Ltd upgraded shares of Mitchells & Butlers plc to a “hold” rating and set a GBX 255 ($3.29) price objective on the stock in a report on Thursday, July 27th.
In related news, insider Dave Coplin acquired 2,000 shares of Mitchells & Butlers plc stock in a transaction on Tuesday, June 27th. The stock was purchased at an average cost of GBX 231 ($2.98) per share, with a total value of £4,620 ($5,966.68). Over the last ninety days, insiders have acquired 2,170 shares of company stock valued at $503,263.
Shares of Mitchells & Butlers plc (LON:MAB) opened at 242.00 on Friday. Mitchells & Butlers plc has a 52-week low of GBX 218.00 and a 52-week high of GBX 303.10. The company’s market capitalization is GBX 1.00 billion. The firm has a 50-day moving average of GBX 244.11 and a 200 day moving average of GBX 243.79.
Mitchells & Butlers plc Company Profile
Mitchells & Butlers plc is an operator of managed restaurants and pubs. The Company’s portfolio of brands and formats includes Harvester, Toby Carvery, All Bar One, Miller & Carter, Premium Country Pubs, Sizzling Pubs, Crown Carveries, Stonehouse, Vintage Inns, Browns, Castle, Nicholson’s, O’Neill’s and Ember Inns.
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