Published On: Fri, Sep 16th, 2016

Mitchells & Butlers plc (MAB) Earns “Hold” Rating from Panmure Gordon

Mitchells & Butlers plc (LON:MAB)‘s stock had its “hold” rating restated by equities researchers at Panmure Gordon in a research report issued to clients and investors on Thursday. They presently have a GBX 280 ($3.73) target price on the stock. Panmure Gordon’s target price would suggest a potential upside of 7.69% from the company’s current price.
Other research analysts have also recently issued reports about the company. Canaccord Genuity reduced their price target on Mitchells & Butlers plc from GBX 360 ($4.79) to GBX 350 ($4.66) and set a ” buy” rating for the company in a research report on Thursday, July 28th. FinnCap reiterated a “buy” rating on shares of Mitchells & Butlers plc in a research report on Thursday, July 28th. HSBC upgraded Mitchells & Butlers plc to a “buy” rating and lifted their price target for the company from GBX 300 ($4.00) to GBX 340 ($4.53) in a research report on Wednesday, May 25th. Beaufort Securities reiterated a “buy” rating on shares of Mitchells & Butlers plc in a research report on Friday, May 20th. Finally, Shore Capital reiterated a “hold” rating on shares of Mitchells & Butlers plc in a research report on Thursday, May 19th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 380.19 ($5.06).
Mitchells & Butlers plc (LON:MAB) traded up 0.35% during mid-day trading on Thursday, reaching GBX 260.00. The company had a trading volume of 231,835 shares. The stock’s market capitalization is GBX 1.07 billion. Mitchells & Butlers plc has a 52 week low of GBX 207.00 and a 52 week high of GBX 365.00. The stock has a 50 day moving average of GBX 257.00 and a 200 day moving average of GBX 265.69.

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In other news, insider Jones,Timothy (Tim) Charles acquired 1,162 shares of the business’s stock in a transaction that occurred on Wednesday, June 22nd. The shares were purchased at an average price of GBX 282 ($3.76) per share, for a total transaction of £3,276.84 ($4,364.46).
Mitchells & Butlers plc Company Profile
Mitchells & Butlers plc is an operator of restaurants, pubs and bars. The Company operates through retail operating business and property business segments. The Company operates approximately 1,700 restaurants and pubs in the United Kingdom. The Company’s brands include Sizzling Pubs, Vintage Inns, Harvester, Ember Inns, Toby Carvery, Crown Carveries, Castle, Nicholson’s, O’Neill’s, Alex, All Bar One, Miller & Carter, Browns, Innkeeper’s Lodge, Oak Tree, Orchid Pubs and Premium Country Pubs.

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