Mitchells & Butlers plc (LON:MAB)‘s stock had its “underweight” rating reissued by research analysts at Barclays PLC in a research report issued to clients and investors on Monday. They presently have a GBX 220 ($2.84) price target on the stock. Barclays PLC’s price target indicates a potential downside of 12.00% from the stock’s previous close.
A number of other analysts also recently issued reports on the company. J P Morgan Chase & Co lifted their price target on Mitchells & Butlers plc from GBX 260 ($3.36) to GBX 280 ($3.62) and gave the company a “neutral” rating in a research report on Thursday, May 18th. Liberum Capital initiated coverage on Mitchells & Butlers plc in a research report on Wednesday, July 5th. They set a “sell” rating and a GBX 210 ($2.71) price target for the company. Deutsche Bank AG reiterated a “hold” rating and set a GBX 245 ($3.16) price target on shares of Mitchells & Butlers plc in a research report on Thursday, May 18th. Peel Hunt reiterated an “add” rating and set a GBX 300 ($3.87) price target on shares of Mitchells & Butlers plc in a research report on Wednesday, May 17th. Finally, Numis Securities Ltd upgraded Mitchells & Butlers plc to a “hold” rating and set a GBX 255 ($3.29) price target for the company in a research report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 267.23 ($3.45).
Mitchells & Butlers plc (LON:MAB) opened at 250.00 on Monday. The stock has a 50 day moving average price of GBX 241.49 and a 200 day moving average price of GBX 243.80. Mitchells & Butlers plc has a 1-year low of GBX 218.00 and a 1-year high of GBX 303.10. The firm’s market cap is GBX 1.04 billion.
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In related news, insider Dave Coplin purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, June 27th. The shares were acquired at an average cost of GBX 231 ($2.98) per share, with a total value of £4,620 ($5,966.68). Insiders acquired a total of 2,170 shares of company stock worth $503,263 over the last ninety days.
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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