Mitchells & Butlers plc (MAB) PT Raised to GBX 265 at HSBC Holdings plc
Mitchells & Butlers plc (LON:MAB) had its target price lifted by analysts at HSBC Holdings plc from GBX 260 ($3.36) to GBX 265 ($3.43) in a report issued on Friday. The brokerage currently has a “hold” rating on the stock. HSBC Holdings plc’s price target would indicate a potential upside of 6.90% from the stock’s current price.
A number of other analysts have also issued reports on the company. J P Morgan Chase & Co raised their target price on Mitchells & Butlers plc from GBX 260 ($3.36) to GBX 280 ($3.62) and gave the company a “neutral” rating in a report on Thursday, May 18th. Liberum Capital started coverage on Mitchells & Butlers plc in a report on Wednesday, July 5th. They issued a “sell” rating and a GBX 210 ($2.72) target price on the stock. Peel Hunt reaffirmed an “add” rating and issued a GBX 300 ($3.88) target price on shares of Mitchells & Butlers plc in a report on Thursday, May 11th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 245 ($3.17) target price on shares of Mitchells & Butlers plc in a report on Thursday, May 18th. Finally, Numis Securities Ltd raised Mitchells & Butlers plc to a “hold” rating and set a GBX 255 ($3.30) target price on the stock in a report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 267.23 ($3.46).
Mitchells & Butlers plc (LON MAB) opened at 247.90 on Friday. The stock’s market capitalization is GBX 1.03 billion. Mitchells & Butlers plc has a 1-year low of GBX 218.00 and a 1-year high of GBX 303.10. The stock’s 50 day moving average price is GBX 234.57 and its 200 day moving average price is GBX 244.26.
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In related news, insider Dave Coplin purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The shares were acquired at an average price of GBX 231 ($2.99) per share, with a total value of £4,620 ($5,975.17). In the last ninety days, insiders purchased 2,170 shares of company stock worth $503,263.
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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