Mitchells & Butlers plc (MAB) Given “Underweight” Rating at Barclays PLC
Barclays PLC reissued their underweight rating on shares of Mitchells & Butlers plc (LON:MAB) in a research note published on Monday. They currently have a GBX 220 ($2.84) price objective on the stock.
Several other research firms also recently weighed in on MAB. Peel Hunt decreased their price target on shares of Mitchells & Butlers plc from GBX 300 ($3.87) to GBX 260 ($3.36) and set an add rating on the stock in a research report on Tuesday, July 25th. Shore Capital reiterated a hold rating on shares of Mitchells & Butlers plc in a research report on Thursday, July 27th. Canaccord Genuity decreased their price target on shares of Mitchells & Butlers plc from GBX 285 ($3.68) to GBX 240 ($3.10) and set a hold rating on the stock in a research report on Thursday, July 27th. Deutsche Bank AG reiterated a hold rating and issued a GBX 245 ($3.16) price target on shares of Mitchells & Butlers plc in a research report on Thursday, May 18th. Finally, Liberum Capital reiterated a sell rating and issued a GBX 210 ($2.71) price target on shares of Mitchells & Butlers plc in a research report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. Mitchells & Butlers plc has an average rating of Hold and an average target price of GBX 267.23 ($3.45).
Mitchells & Butlers plc (LON:MAB) opened at 250.10 on Monday. The company has a 50-day moving average of GBX 242.44 and a 200-day moving average of GBX 243.78. Mitchells & Butlers plc has a 1-year low of GBX 218.00 and a 1-year high of GBX 303.10. The stock’s market capitalization is GBX 1.04 billion.
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In related news, insider Dave Coplin bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The stock was bought at an average cost of GBX 231 ($2.98) per share, with a total value of £4,620 ($5,966.68). Insiders have purchased 2,170 shares of company stock valued at $503,263 over the last ninety days.
About Mitchells & Butlers plc
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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