Mitchells & Butlers plc (MAB) Stock Rating Reaffirmed by Panmure Gordon
Mitchells & Butlers plc (LON:MAB)‘s stock had its “hold” rating reissued by Panmure Gordon in a research report issued on Tuesday. They currently have a GBX 280 ($3.50) price target on the stock. Panmure Gordon’s target price would indicate a potential upside of 9.25% from the stock’s previous close.
A number of other research firms also recently weighed in on MAB. Citigroup Inc. downgraded shares of Mitchells & Butlers plc to a “sell” rating and raised their target price for the company from GBX 230 ($2.87) to GBX 250 ($3.12) in a research report on Tuesday, October 25th. HSBC increased their price target on shares of Mitchells & Butlers plc from GBX 275 ($3.44) to GBX 305 ($3.81) and gave the company a “buy” rating in a research note on Tuesday, November 8th. Numis Securities Ltd reiterated a “reduce” rating and issued a GBX 255 ($3.19) price target on shares of Mitchells & Butlers plc in a research note on Tuesday. Beaufort Securities reiterated a “buy” rating on shares of Mitchells & Butlers plc in a research note on Friday, September 23rd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Mitchells & Butlers plc in a research note on Friday, September 23rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 341.64 ($4.27).
Shares of Mitchells & Butlers plc (LON:MAB) opened at 246.70 on Tuesday. The company has a 50-day moving average of GBX 276.74 and a 200-day moving average of GBX 265.61. The company’s market cap is GBX 1.02 billion. Mitchells & Butlers plc has a 1-year low of GBX 207.00 and a 1-year high of GBX 350.00.
The business also recently declared a dividend, which will be paid on Tuesday, February 7th. Investors of record on Thursday, December 1st will be issued a dividend of GBX 5 ($0.06) per share. The ex-dividend date is Thursday, December 1st. This is a positive change from Mitchells & Butlers plc’s previous dividend of $2.50. This represents a dividend yield of 1.89%.
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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