Canaccord Genuity Raises Mitchells & Butlers (MAB) Price Target to GBX 285

Mitchells & Butlers (LON:MAB) had its price target upped by Canaccord Genuity from GBX 265 ($3.46) to GBX 285 ($3.72) in a research report report published on Thursday. They currently have a hold rating on the stock.

MAB has been the topic of a number of other research reports. Peel Hunt restated a buy rating on shares of Mitchells & Butlers in a research note on Wednesday, November 14th. JPMorgan Chase & Co. boosted their price target on Mitchells & Butlers from GBX 270 ($3.53) to GBX 280 ($3.66) and gave the stock a neutral rating in a research note on Friday, November 23rd. Liberum Capital restated a sell rating on shares of Mitchells & Butlers in a research note on Thursday, September 27th. Royal Bank of Canada assumed coverage on Mitchells & Butlers in a research note on Tuesday, December 4th. They set an underperform rating and a GBX 275 ($3.59) price target on the stock. Finally, Shore Capital restated a hold rating on shares of Mitchells & Butlers in a research note on Thursday. Three analysts have rated the stock with a sell rating, five 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 price target of GBX 281.88 ($3.68).

Shares of MAB stock traded up GBX 2.40 ($0.03) during trading hours on Thursday, reaching GBX 291.40 ($3.81). 1,287,418 shares of the company’s stock were exchanged, compared to its average volume of 415,480. Mitchells & Butlers has a 1 year low of GBX 219.90 ($2.87) and a 1 year high of GBX 284.80 ($3.72).

In other news, insider Phil Urban bought 6,744 shares of the company’s stock in a transaction that occurred on Thursday, November 29th. The shares were purchased at an average price of GBX 273 ($3.57) per share, for a total transaction of £18,411.12 ($24,057.39).

About Mitchells & Butlers

Mitchells & Butlers plc manages pubs, bars, and restaurants in the United Kingdom and Germany. It operates its pubs and restaurants under the Harvester, Toby Carvery, All Bar One, Miller & Carter, Premium Country Pubs, Sizzling Pubs, Stonehouse, Vintage Inns, Browns, Castle, Nicholson's, O'Neill's, Innkeeper's Lodge, Alex, and Ember Inns brands and formats.

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Analyst Recommendations for Mitchells & Butlers (LON:MAB)

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