Mitchells & Butlers (MAB) PT Lowered to GBX 270 at J P Morgan Chase & Co

Mitchells & Butlers (LON:MAB) had its price objective lowered by equities researchers at J P Morgan Chase & Co from GBX 280 ($3.77) to GBX 270 ($3.63) in a research report issued to clients and investors on Tuesday. The brokerage presently has a “neutral” rating on the stock. J P Morgan Chase & Co’s target price would suggest a potential upside of 4.55% from the stock’s current price.

MAB has been the subject of several other research reports. Citigroup restated a “sell” rating on shares of Mitchells & Butlers in a research note on Friday, November 24th. Deutsche Bank restated a “hold” rating and issued a GBX 245 ($3.30) price objective on shares of Mitchells & Butlers in a research note on Tuesday, November 21st. Liberum Capital restated a “sell” rating and issued a GBX 210 ($2.83) price objective on shares of Mitchells & Butlers in a research note on Thursday, September 21st. Peel Hunt restated an “add” rating and issued a GBX 300 ($4.04) price objective on shares of Mitchells & Butlers in a research note on Friday, December 1st. Finally, Numis Securities restated a “hold” rating and issued a GBX 255 ($3.43) price objective on shares of Mitchells & Butlers in a research note on Thursday, November 23rd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 270.45 ($3.64).

Mitchells & Butlers (LON MAB) traded up GBX 1.64 ($0.02) during midday trading on Tuesday, reaching GBX 258.24 ($3.48). 332,907 shares of the company’s stock traded hands, compared to its average volume of 536,749. Mitchells & Butlers has a one year low of GBX 219.90 ($2.96) and a one year high of GBX 280 ($3.77).

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About Mitchells & Butlers

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.

Analyst Recommendations for Mitchells & Butlers (LON:MAB)

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