Mitchells & Butlers plc (MAB) Given New GBX 265 Price Target at HSBC Holdings plc
Mitchells & Butlers plc (LON:MAB) had its target price hoisted by HSBC Holdings plc from GBX 260 ($3.36) to GBX 265 ($3.43) in a research report released on Friday. They currently have a hold rating on the stock.
A number of other research firms have also issued reports on MAB. Peel Hunt reaffirmed an add rating and issued a GBX 300 ($3.88) price target on shares of Mitchells & Butlers plc in a research report on Wednesday, May 17th. Canaccord Genuity reaffirmed a hold rating and issued a GBX 285 ($3.69) price target on shares of Mitchells & Butlers plc in a research report on Wednesday, May 17th. J P Morgan Chase & Co reduced their price target on Mitchells & Butlers plc from GBX 280 ($3.62) to GBX 260 ($3.36) and set a neutral rating on the stock in a research report on Friday, July 28th. Deutsche Bank AG reaffirmed a hold rating and issued a GBX 245 ($3.17) price target on shares of Mitchells & Butlers plc in a research report on Thursday, May 18th. Finally, Liberum Capital initiated coverage on Mitchells & Butlers plc in a research report on Wednesday, July 5th. They issued a sell rating and a GBX 210 ($2.72) price target on the stock. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of GBX 267.23 ($3.46).
Mitchells & Butlers plc (LON MAB) traded up 2.58% during mid-day trading on Friday, hitting GBX 254.30. The company had a trading volume of 192,993 shares. The company’s market capitalization is GBX 1.06 billion. The company has a 50-day moving average price of GBX 237.78 and a 200 day moving average price of GBX 243.79. Mitchells & Butlers plc has a 52-week low of GBX 218.00 and a 52-week high of GBX 303.10.
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In other news, insider Dave Coplin purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The shares were purchased at an average price of GBX 231 ($2.99) per share, for a total transaction of £4,620 ($5,975.17). Insiders have purchased a total of 2,170 shares of company stock worth $503,263 in the last 90 days.
Mitchells & Butlers plc 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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