Mitchells & Butlers plc (MAB) Stock Rating Reaffirmed by Liberum Capital
Liberum Capital reaffirmed their sell rating on shares of Mitchells & Butlers plc (LON:MAB) in a research report report published on Thursday. Liberum Capital currently has a GBX 210 ($2.74) price objective on the stock.
Several other research firms have also recently weighed in on MAB. Peel Hunt reaffirmed an add rating and set a GBX 300 ($3.91) price objective on shares of Mitchells & Butlers plc in a research report on Wednesday, May 17th. Canaccord Genuity reaffirmed a hold rating and set a GBX 285 ($3.71) price objective on shares of Mitchells & Butlers plc in a research report on Wednesday, May 17th. Deutsche Bank AG reaffirmed a hold rating and set a GBX 245 ($3.19) price objective on shares of Mitchells & Butlers plc in a research report on Thursday, May 18th. J P Morgan Chase & Co upped their price objective on shares of Mitchells & Butlers plc from GBX 260 ($3.39) to GBX 280 ($3.65) and gave the stock a neutral rating in a research report on Thursday, May 18th. Finally, Shore Capital reaffirmed a hold rating on shares of Mitchells & Butlers plc in a research report on Thursday. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of GBX 270.31 ($3.52).
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The company also recently disclosed a dividend, which was paid on Monday, July 3rd. Stockholders of record on Thursday, May 25th were paid a GBX 2.50 ($0.03) dividend. This represents a dividend yield of 0.97%. The ex-dividend date of this dividend was Thursday, May 25th.
In other news, insider Dave Coplin acquired 2,000 shares of the stock in a transaction dated Tuesday, June 27th. The stock was bought at an average price of GBX 231 ($3.01) per share, with a total value of £4,620 ($6,018.76). Insiders bought 2,168 shares of company stock valued at $503,362 in 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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