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Mitchells & Butlers plc (LON:MAB)‘s stock had its “add” rating restated by Numis Securities Ltd in a research note issued on Thursday, Analyst Ratings.Net reports. They currently have a GBX 500 ($7.63) price target on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 17.15% from the stock’s previous close.
Shares of Mitchells & Butlers plc (LON: MAB) opened at 403.117 on Thursday. Mitchells & Butlers plc has a 52 week low of GBX 250.456 and a 52 week high of GBX 415.80. The stock’s 50-day moving average is currently GBX 292.3. The company’s market cap is £1.653 billion.
A number of other firms have also recently commented on MAB. Analysts at HSBC upgraded shares of Mitchells & Butlers plc from a “neutral” rating to an “overweight” rating in a research note to investors on Wednesday. They now have a GBX 500 ($7.63) price target on the stock, up previously from GBX 410 ($6.26). Separately, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Mitchells & Butlers plc in a research note to investors on Sunday. They now have a GBX 380 ($5.80) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Mitchells & Butlers plc in a research note to investors on Wednesday, July 17th. They now have a GBX 435 ($6.64) price target on the stock, up previously from GBX 300 ($4.58).
Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Mitchells & Butlers plc currently has a consensus rating of “Hold” and an average target price of GBX 410.06 ($6.26).
Mitchells & Butlers plc is an operator of managed pubs and pub restaurants. As of September 25, 2010, it had an estate of 1,909 sites, including 86 leased and franchised sites in the United Kingdom, and 43 pub restaurants in Germany.Image may be NSFW.
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