Mitchells & Butlers (MAB) Given Buy Rating at Peel Hunt
Several other equities analysts have also weighed in on the company. Shore Capital restated a hold rating on shares of Mitchells & Butlers in a report on Thursday. Liberum Capital upgraded Mitchells & Butlers to a hold rating and raised their target price for the company from GBX 210 ($2.74) to GBX 270 ($3.53) in a report on Thursday. HSBC upgraded Mitchells & Butlers to a buy rating and raised their target price for the company from GBX 290 ($3.79) to GBX 310 ($4.05) in a report on Tuesday, December 4th. Royal Bank of Canada initiated coverage on Mitchells & Butlers in a report on Tuesday, December 4th. They set an underperform rating and a GBX 275 ($3.59) target price on the stock. Finally, Barclays raised their price target on Mitchells & Butlers from GBX 225 ($2.94) to GBX 260 ($3.40) and gave the company an underweight rating in a research report on Friday, November 23rd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of GBX 281.88 ($3.68).
LON MAB traded up GBX 2.40 ($0.03) during trading on Thursday, hitting GBX 291.40 ($3.81). 1,287,418 shares of the company traded hands, compared to its average volume of 415,480. Mitchells & Butlers has a 12 month low of GBX 219.90 ($2.87) and a 12 month high of GBX 284.80 ($3.72).
About Mitchells & Butlers
Mitchells & Butlers plc manages pubs, bars, and restaurants in the United Kingdom and Germany. It operates its pubs and restaurants under the Harvester, Toby Carvery, All Bar One, Miller & Carter, Premium Country Pubs, Sizzling Pubs, Stonehouse, Vintage Inns, Browns, Castle, Nicholson's, O'Neill's, Innkeeper's Lodge, Alex, and Ember Inns brands and formats.
Further Reading: Reverse Stock Split
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