Mitchells & Butlers (MAB) Price Target Cut to GBX 270 by Analysts at J P Morgan Chase & Co

Mitchells & Butlers (LON:MAB) had its price target decreased by J P Morgan Chase & Co from GBX 280 ($3.77) to GBX 270 ($3.63) in a report released on Tuesday. J P Morgan Chase & Co currently has a neutral rating on the stock.

A number of other research firms have also commented on MAB. Peel Hunt reissued an add rating and issued a GBX 300 ($4.04) price target on shares of Mitchells & Butlers in a research report on Friday, December 1st. Deutsche Bank reissued a hold rating and issued a GBX 245 ($3.30) price target on shares of Mitchells & Butlers in a research report on Tuesday, November 21st. Liberum Capital reissued a sell rating and issued a GBX 210 ($2.83) price target on shares of Mitchells & Butlers in a research report on Tuesday, November 21st. Canaccord Genuity lifted their price target on shares of Mitchells & Butlers from GBX 240 ($3.23) to GBX 260 ($3.50) and gave the company a hold rating in a research report on Monday. Finally, Barclays reaffirmed an underweight rating and set a GBX 220 ($2.96) target price on shares of Mitchells & Butlers in a research report on Wednesday, November 29th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. Mitchells & Butlers has an average rating of Hold and an average price target of GBX 270.45 ($3.64).

Mitchells & Butlers (LON:MAB) opened at GBX 259.40 ($3.49) on Tuesday. Mitchells & Butlers has a 1 year low of GBX 218 ($2.93) and a 1 year high of GBX 280 ($3.77).

The firm also recently declared a dividend, which will be paid on Tuesday, February 6th. Shareholders of record on Thursday, December 14th will be issued a GBX 5 ($0.07) dividend. This represents a yield of 1.99%. The ex-dividend date is Thursday, December 14th. This is a positive change from Mitchells & Butlers’s previous dividend of $2.50.

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About Mitchells & Butlers

Mitchells & Butlers plc is an operator of managed restaurants and pubs. The Company’s portfolio of brands and formats includes Harvester, Toby Carvery, All Bar One, Miller & Carter, Premium Country Pubs, Sizzling Pubs, Crown Carveries, Stonehouse, Vintage Inns, Browns, Castle, Nicholson’s, O’Neill’s and Ember Inns.

Analyst Recommendations for Mitchells & Butlers (LON:MAB)

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