Mitchells & Butlers (LON:MAB) had its price target raised by Canaccord Genuity from GBX 240 ($3.23) to GBX 260 ($3.50) in a research note issued to investors on Monday. The brokerage currently has a hold rating on the stock.

Several other brokerages have also recently issued reports on MAB. Liberum Capital restated a sell rating and issued a GBX 210 ($2.83) target price on shares of Mitchells & Butlers in a report on Thursday, September 21st. Peel Hunt restated an add rating and set a GBX 260 ($3.50) price objective on shares of Mitchells & Butlers in a research report on Thursday, September 21st. Shore Capital reiterated a hold rating on shares of Mitchells & Butlers in a report on Thursday, November 23rd. Deutsche Bank raised their target price on shares of Mitchells & Butlers from GBX 245 ($3.30) to GBX 250 ($3.36) and gave the company a hold rating in a report on Monday, November 27th. Finally, Barclays restated an underweight rating and set a GBX 220 ($2.96) target price on shares of Mitchells & Butlers in a report on Wednesday, November 29th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. Mitchells & Butlers presently has a consensus rating of Hold and an average price target of GBX 270.45 ($3.64).

Mitchells & Butlers (LON MAB) opened at GBX 258.30 ($3.48) on Monday. Mitchells & Butlers has a 1-year low of GBX 218 ($2.93) and a 1-year high of GBX 280 ($3.77).

The firm also recently announced a dividend, which will be paid on Tuesday, February 6th. Stockholders of record on Thursday, December 14th will be issued a GBX 5 ($0.07) dividend. This is an increase from Mitchells & Butlers’s previous dividend of $2.50. The ex-dividend date is Thursday, December 14th. This represents a dividend yield of 1.99%.

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About Mitchells & Butlers

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.

Analyst Recommendations for Mitchells & Butlers (LON:MAB)

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