Mitchells & Butlers plc (LON:MAB) has earned an average rating of “Hold” from the twelve analysts that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 257.50 ($3.49).
MAB has been the subject of several research analyst reports. Canaccord Genuity reaffirmed a “hold” rating and set a GBX 240 ($3.25) price target on shares of Mitchells & Butlers in a research note on Friday, September 22nd. Deutsche Bank reaffirmed a “hold” rating and set a GBX 245 ($3.32) price target on shares of Mitchells & Butlers in a research note on Wednesday, October 18th. Peel Hunt lifted their price target on Mitchells & Butlers from GBX 260 ($3.53) to GBX 300 ($4.07) and gave the stock an “add” rating in a research note on Wednesday, October 25th. Liberum Capital reaffirmed a “sell” rating and set a GBX 210 ($2.85) price target on shares of Mitchells & Butlers in a research note on Tuesday, November 21st. Finally, Shore Capital reissued a “hold” rating on shares of Mitchells & Butlers in a research note on Thursday, November 23rd.
In other Mitchells & Butlers news, insider Phil Urban purchased 23,036 shares of Mitchells & Butlers stock in a transaction that occurred on Monday, December 11th. The shares were bought at an average price of GBX 258 ($3.50) per share, for a total transaction of £59,432.88 ($80,597.88). In the last 90 days, insiders have purchased 23,192 shares of company stock worth $5,984,800.
The firm also recently declared a dividend, which will be paid on Tuesday, February 6th. Investors of record on Thursday, December 14th will be issued a dividend of GBX 5 ($0.07) per share. This represents a yield of 1.99%. The ex-dividend date of this dividend is Thursday, December 14th. This is an increase from Mitchells & Butlers’s previous dividend of $2.50.
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Mitchells & Butlers 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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