Mitchells & Butlers (LON:MAB)‘s stock had its “buy” rating reaffirmed by Liberum Capital in a research report issued on Thursday, Price Targets.com reports. They currently have a GBX 400 ($5.23) price target on the stock. Liberum Capital’s target price would suggest a potential upside of 25.00% from the company’s previous close.
Several other equities analysts have also commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 400 ($5.23) price objective on shares of Mitchells & Butlers in a research report on Wednesday. Peel Hunt raised their price target on shares of Mitchells & Butlers from GBX 325 ($4.25) to GBX 335 ($4.38) and gave the stock a “hold” rating in a report on Wednesday. Shore Capital reiterated an “under review” rating on shares of Mitchells & Butlers in a research note on Tuesday, February 23rd. Finally, Berenberg Bank increased their price target on shares of Mitchells & Butlers from GBX 280 ($3.66) to GBX 430 ($5.62) and gave the stock a “buy” rating in a report on Thursday, April 8th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of GBX 380 ($4.96).
Shares of LON MAB opened at GBX 320 ($4.18) on Thursday. Mitchells & Butlers has a fifty-two week low of GBX 115.04 ($1.50) and a fifty-two week high of GBX 368 ($4.81). The company has a market cap of £1.91 billion and a PE ratio of -12.21. The company has a debt-to-equity ratio of 156.11, a quick ratio of 0.30 and a current ratio of 0.34. The business has a 50-day simple moving average of GBX 315.91 and a two-hundred day simple moving average of GBX 281.89.
In related news, insider Phil Urban sold 21,917 shares of the stock in a transaction that occurred on Friday, March 19th. The stock was sold at an average price of GBX 308 ($4.02), for a total value of £67,504.36 ($88,194.88). Also, insider Timothy (Tim) Charles Jones sold 18,331 shares of Mitchells & Butlers stock in a transaction that occurred on Monday, March 22nd. The stock was sold at an average price of GBX 308 ($4.02), for a total value of £56,459.48 ($73,764.67). Insiders purchased a total of 133 shares of company stock valued at $41,734 in the last ninety days.
About Mitchells & Butlers
Mitchells & Butlers plc manages pubs, bars, and restaurants in the United Kingdom and Germany. The company operates its pubs and restaurants under the Alex, All Bar One, Browns, Castle, Ember Inns, Harvester, Innkeeper's Lodge, Miller & Carter, Nicholson's, O'Neill's, Premium Country Pubs, Sizzling Pubs, Stonehouse Pizza & Carvery, Toby Carvery, and Vintage Inns brands and formats.
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