Canaccord Genuity Raises Mitchells & Butlers (MAB) Price Target to GBX 260
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).
WARNING: This article was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another publication, it was stolen and reposted in violation of US & international copyright and trademark laws. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/12/07/canaccord-genuity-raises-mitchells-butlers-mab-price-target-to-gbx-260.html.
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.
Receive News & Stock Ratings for Mitchells & Butlers plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitchells & Butlers plc and related stocks with our FREE daily email newsletter.