Mitchells & Butlers plc (LON:MAB) Upgraded by Numis Securities Ltd to Hold
Numis Securities Ltd upgraded shares of Mitchells & Butlers plc (LON:MAB) to a hold rating in a report published on Thursday morning. Numis Securities Ltd currently has GBX 255 ($3.32) price objective on the stock.
MAB has been the subject of a number of other research reports. Peel Hunt reiterated an add rating and set a GBX 300 ($3.91) price target on shares of Mitchells & Butlers plc in a research report on Friday, June 9th. J P Morgan Chase & Co upped their price objective on Mitchells & Butlers plc from GBX 260 ($3.39) to GBX 280 ($3.65) and gave the company a neutral rating in a report on Thursday, May 18th. Liberum Capital assumed coverage on Mitchells & Butlers plc in a report on Wednesday, July 5th. They issued a sell rating and a GBX 210 ($2.74) price objective for the company. Canaccord Genuity restated a hold rating and issued a GBX 285 ($3.71) price objective on shares of Mitchells & Butlers plc in a report on Wednesday, May 17th. Finally, Deutsche Bank AG restated a hold rating and issued a GBX 245 ($3.19) price objective on shares of Mitchells & Butlers plc in a report on Thursday, May 18th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of GBX 270.31 ($3.52).
Mitchells & Butlers plc (LON MAB) opened at 240.40 on Thursday. Mitchells & Butlers plc has a 12 month low of GBX 218.00 and a 12 month high of GBX 303.10. The stock’s market cap is GBX 997.66 million. The stock has a 50 day moving average price of GBX 230.16 and a 200-day moving average price of GBX 247.75.
The business also recently announced a dividend, which was paid on Monday, July 3rd. Stockholders of record on Thursday, May 25th were given a dividend of GBX 2.50 ($0.03) per share. This represents a dividend yield of 0.97%. The ex-dividend date of this dividend was Thursday, May 25th.
In related news, insider Dave Coplin bought 2,000 shares of the business’s stock in a transaction dated Tuesday, June 27th. The shares were bought at an average cost of GBX 231 ($3.01) per share, with a total value of £4,620 ($6,018.76). Insiders have bought 2,168 shares of company stock worth $503,362 over the last ninety days.
Mitchells & Butlers plc Company Profile
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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