Mitchells & Butlers plc (LON:MAB) has received an average recommendation of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 288.13 ($3.76).
Several analysts recently issued reports on the company. Liberum Capital boosted their price target on Mitchells & Butlers from GBX 210 ($2.74) to GBX 270 ($3.53) and gave the company a “hold” rating in a research note on Tuesday, April 2nd. Peel Hunt restated a “buy” rating on shares of Mitchells & Butlers in a research note on Thursday, January 10th. Canaccord Genuity boosted their price target on Mitchells & Butlers from GBX 265 ($3.46) to GBX 285 ($3.72) and gave the company a “hold” rating in a research note on Thursday, January 10th. Shore Capital restated a “hold” rating on shares of Mitchells & Butlers in a research note on Thursday, January 10th. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 265 ($3.46) price target on shares of Mitchells & Butlers in a research note on Friday, January 11th.
In other Mitchells & Butlers news, insider Phil Urban purchased 15,115 shares of the stock in a transaction dated Friday, April 12th. The stock was bought at an average price of GBX 263 ($3.44) per share, with a total value of £39,752.45 ($51,943.62). Insiders have bought a total of 15,263 shares of company stock valued at $4,016,417 in the last three months.
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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