Zacks Investment Research Upgrades MITCHELLS &BUTLERS (MBPFF) to Buy
MITCHELLS &BUTLERS (NASDAQ:MBPFF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The brokerage currently has a $3.75 price target on the stock.
According to Zacks, “Mitchells & Butlers Plc is engaged in restaurants & pubs business. 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. Its business segment consists of Retail Operating and Property business. Retail Operating business manages Group’s retail operating units. Property business holds the Group’s freehold and leasehold property. Mitchells & Butlers Plc is headquartered in Birmingham, the United Kingdom. “
MITCHELLS &BUTLERS (NASDAQ MBPFF) traded down 3.3209% during trading on Tuesday, hitting $3.2373. The stock had a trading volume of 26,309 shares. The company’s 50 day moving average is $3.35 and its 200-day moving average is $3.35. MITCHELLS &BUTLERS has a 12 month low of $3.24 and a 12 month high of $3.41. The company has a market cap of $1.34 billion and a PE ratio of 14.6484.
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