Mitchells & Butlers plc (MAB) Price Target Raised to GBX 300 at Peel Hunt
Mitchells & Butlers plc (LON:MAB) had its target price increased by analysts at Peel Hunt from GBX 260 ($3.43) to GBX 300 ($3.96) in a research report issued to clients and investors on Wednesday. The firm presently has an “add” rating on the stock. Peel Hunt’s price objective points to a potential upside of 21.51% from the stock’s previous close.
Other equities analysts also recently issued reports about the stock. Deutsche Bank AG reissued a “hold” rating and issued a GBX 245 ($3.23) price target on shares of Mitchells & Butlers plc in a research note on Wednesday, October 18th. Canaccord Genuity reissued a “hold” rating and issued a GBX 240 ($3.17) price target on shares of Mitchells & Butlers plc in a research note on Friday, September 22nd. Shore Capital reissued a “hold” rating on shares of Mitchells & Butlers plc in a research note on Thursday, July 27th. Numis Securities Ltd raised shares of Mitchells & Butlers plc to a “hold” rating and set a GBX 255 ($3.37) price target for the company in a research note on Thursday, July 27th. Finally, HSBC Holdings plc increased their price target on shares of Mitchells & Butlers plc from GBX 260 ($3.43) to GBX 265 ($3.50) and gave the stock a “hold” rating in a research note on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. Mitchells & Butlers plc presently has an average rating of “Hold” and a consensus target price of GBX 270.31 ($3.57).
Shares of Mitchells & Butlers plc (MAB) opened at 246.90 on Wednesday. Mitchells & Butlers plc has a 52 week low of GBX 218.00 and a 52 week high of GBX 293.00. The stock has a 50 day moving average price of GBX 248.96 and a 200 day moving average price of GBX 244.46. The firm’s market capitalization is GBX 1.02 billion.
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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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