J P Morgan Chase & Co Cuts Mitchells & Butlers plc (MAB) Price Target to GBX 260
Mitchells & Butlers plc (LON:MAB) had its price objective reduced by J P Morgan Chase & Co from GBX 280 ($3.69) to GBX 260 ($3.43) in a research report report published on Friday morning. J P Morgan Chase & Co currently has a neutral rating on the stock.
Several other brokerages have also commented on MAB. Peel Hunt decreased their price target on Mitchells & Butlers plc from GBX 300 ($3.96) to GBX 260 ($3.43) and set an add rating on the stock in a research note on Tuesday, July 25th. Shore Capital reaffirmed a hold rating on shares of Mitchells & Butlers plc in a research note on Thursday, July 27th. Canaccord Genuity decreased their price target on Mitchells & Butlers plc from GBX 285 ($3.76) to GBX 240 ($3.17) and set a hold rating on the stock in a research note on Thursday, July 27th. Deutsche Bank AG reaffirmed a hold rating and issued a GBX 245 ($3.23) price target on shares of Mitchells & Butlers plc in a research note on Thursday, May 18th. Finally, Liberum Capital reaffirmed a sell rating and issued a GBX 210 ($2.77) price target on shares of Mitchells & Butlers plc in a research note on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. Mitchells & Butlers plc has a consensus rating of Hold and an average price target of GBX 270.31 ($3.57).
Shares of Mitchells & Butlers plc (MAB) opened at 239.80 on Friday. The company’s market capitalization is GBX 995.17 million. Mitchells & Butlers plc has a 52-week low of GBX 218.00 and a 52-week high of GBX 303.10. The stock’s 50 day moving average price is GBX 230.47 and its 200 day moving average price is GBX 247.43.
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The company also recently announced a dividend, which was paid on Monday, July 3rd. Investors of record on Thursday, May 25th were paid a dividend of GBX 2.50 ($0.03) per share. This represents a yield of 0.97%. The ex-dividend date was Thursday, May 25th.
In other news, insider Dave Coplin bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The shares were purchased at an average price of GBX 231 ($3.05) per share, with a total value of £4,620 ($6,094.18). In the last three months, insiders have purchased 2,223 shares of company stock worth $517,167.
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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