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.

ILLEGAL ACTIVITY WARNING: This story was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/10/05/zacks-investment-research-upgrades-mitchells-butlers-mbpff-to-buy.html.

Receive News & Stock Ratings for MITCHELLS &BUTLERS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MITCHELLS &BUTLERS and related stocks with our FREE daily email newsletter.