HSBC Boosts Mitchells & Butlers plc (MAB) Price Target to GBX 305
Mitchells & Butlers plc (LON:MAB) had its target price increased by HSBC from GBX 275 ($3.41) to GBX 305 ($3.78) in a research note released on Tuesday morning. They currently have a buy rating on the stock.
MAB has been the subject of a number of other research reports. Shore Capital reiterated a hold rating on shares of Mitchells & Butlers plc in a report on Thursday, September 22nd. Canaccord Genuity lowered their target price on Mitchells & Butlers plc from GBX 360 ($4.46) to GBX 350 ($4.34) and set a buy rating for the company in a report on Thursday, July 28th. Panmure Gordon reiterated a hold rating and set a GBX 280 ($3.47) target price on shares of Mitchells & Butlers plc in a report on Friday, September 9th. JPMorgan Chase & Co. increased their target price on Mitchells & Butlers plc from GBX 240 ($2.97) to GBX 260 ($3.22) and gave the stock a neutral rating in a report on Thursday, July 28th. Finally, Citigroup Inc. cut Mitchells & Butlers plc to a sell rating and raised their price objective for the company from GBX 230 ($2.85) to GBX 250 ($3.10) in a report on Tuesday, October 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of GBX 342.57 ($4.24).
Mitchells & Butlers plc (LON:MAB) opened at 281.70 on Tuesday. The company’s market capitalization is GBX 1.16 billion. The company’s 50-day moving average price is GBX 276.58 and its 200 day moving average price is GBX 265.40. Mitchells & Butlers plc has a 52 week low of GBX 207.00 and a 52 week high of GBX 358.00.
About Mitchells & Butlers plc
Mitchells & Butlers plc is an operator of restaurants, pubs and bars. The Company operates through retail operating business and property business segments. The Company operates approximately 1,700 restaurants and pubs in the United Kingdom. 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.
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