Mitchells & Butlers plc (MAB) PT Lowered to GBX 240 at Canaccord Genuity
Mitchells & Butlers plc (LON:MAB) had its price target lowered by Canaccord Genuity from GBX 285 ($3.71) to GBX 240 ($3.13) in a report issued on Thursday morning. The brokerage currently has a hold rating on the stock.
A number of other equities research analysts have also weighed in on MAB. Peel Hunt reissued an add rating and issued a GBX 300 ($3.91) target price on shares of Mitchells & Butlers plc in a research note on Thursday, May 11th. J P Morgan Chase & Co boosted their target price on Mitchells & Butlers plc from GBX 260 ($3.39) to GBX 280 ($3.65) and gave the company a neutral rating in a research note on Thursday, May 18th. Deutsche Bank AG reissued a hold rating and issued a GBX 245 ($3.19) target price on shares of Mitchells & Butlers plc in a research note on Thursday, May 18th. Liberum Capital initiated coverage on Mitchells & Butlers plc in a research note on Wednesday, July 5th. They issued a sell rating and a GBX 210 ($2.74) target price for the company. Finally, Shore Capital reissued a hold rating on shares of Mitchells & Butlers plc in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of GBX 270.31 ($3.52).
The company also recently announced a dividend, which was paid on Monday, July 3rd. Shareholders of record on Thursday, May 25th were issued a dividend of GBX 2.50 ($0.03) per share. The ex-dividend date was Thursday, May 25th. This represents a dividend yield of 0.97%.
In other news, insider Dave Coplin bought 2,000 shares of Mitchells & Butlers plc stock in a transaction on Tuesday, June 27th. The shares were purchased at an average price of GBX 231 ($3.01) per share, for a total transaction of £4,620 ($6,018.76). Insiders have acquired a total of 2,168 shares of company stock worth $503,362 in the last quarter.
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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