Analysts Set Mitchells & Butlers plc (MAB) Target Price at $270.31
Mitchells & Butlers plc (LON:MAB) has been assigned an average recommendation of “Hold” from the fifteen brokerages that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 270.31 ($3.50).
Several analysts recently commented on the stock. Peel Hunt reiterated an “add” rating and issued a GBX 300 ($3.88) price target on shares of Mitchells & Butlers plc in a research report on Wednesday, May 17th. Canaccord Genuity reaffirmed a “hold” rating and set a GBX 285 ($3.69) price target on shares of Mitchells & Butlers plc in a research note on Wednesday, May 17th. Liberum Capital reaffirmed a “sell” rating and set a GBX 210 ($2.72) price target on shares of Mitchells & Butlers plc in a research note on Thursday, July 27th. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 245 ($3.17) price target on shares of Mitchells & Butlers plc in a research note on Thursday, May 18th. Finally, Numis Securities Ltd raised shares of Mitchells & Butlers plc to a “hold” rating and set a GBX 255 ($3.30) price objective on the stock in a research note on Thursday, July 27th.
In other Mitchells & Butlers plc news, insider Dave Coplin purchased 2,000 shares of the company’s stock in a transaction on Tuesday, June 27th. The shares were purchased at an average cost of GBX 231 ($2.99) per share, for a total transaction of £4,620 ($5,975.17). Over the last 90 days, insiders have purchased 2,171 shares of company stock worth $503,283.
Shares of Mitchells & Butlers plc (LON:MAB) traded up 0.04% during trading on Wednesday, reaching GBX 245.40. The company’s market cap is GBX 1.02 billion. The company’s 50-day moving average price is GBX 234.57 and its 200 day moving average price is GBX 244.26. Mitchells & Butlers plc has a 1-year low of GBX 218.00 and a 1-year high of GBX 303.10.
About Mitchells & Butlers plc
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.
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