Shares of Mitchells & Butlers plc (LON:MAB) have been assigned a consensus recommendation of “Hold” from the twelve analysts that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 257.50 ($3.56).
A number of brokerages have recently weighed in on MAB. Citigroup reiterated a “sell” rating on shares of Mitchells & Butlers in a report on Friday, November 24th. Deutsche Bank reiterated a “hold” rating and issued a GBX 245 ($3.38) price target on shares of Mitchells & Butlers in a report on Tuesday, November 21st. Peel Hunt reiterated an “add” rating and issued a GBX 300 ($4.14) price target on shares of Mitchells & Butlers in a report on Friday, December 1st. Numis Securities reiterated a “hold” rating and issued a GBX 255 ($3.52) price target on shares of Mitchells & Butlers in a report on Thursday, November 23rd. Finally, Barclays reiterated an “underweight” rating and issued a GBX 220 ($3.04) price target on shares of Mitchells & Butlers in a report on Wednesday, November 29th.
In related news, insider Phil Urban acquired 1,597 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was purchased at an average cost of GBX 237 ($3.27) per share, for a total transaction of £3,784.89 ($5,229.19). Over the last 90 days, insiders have purchased 24,848 shares of company stock valued at $6,377,036.
The business also recently disclosed a dividend, which was paid on Tuesday, February 6th. Investors of record on Thursday, December 14th were paid a dividend of GBX 5 ($0.07) per share. This is an increase from Mitchells & Butlers’s previous dividend of $2.50. This represents a yield of 1.99%. The ex-dividend date of this dividend was Thursday, December 14th.
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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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