Mitchells & Butlers (LON:MAB)‘s stock had its “sell” rating reiterated by stock analysts at Liberum Capital in a research report issued on Wednesday, February 28th. They currently have a GBX 210 ($2.90) price objective on the stock. Liberum Capital’s price objective indicates a potential downside of 16.73% from the stock’s previous close.
A number of other analysts have also recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Mitchells & Butlers from GBX 280 ($3.87) to GBX 270 ($3.73) and set a “neutral” rating for the company in a research report on Tuesday, December 5th. HSBC reduced their target price on shares of Mitchells & Butlers from GBX 265 ($3.66) to GBX 260 ($3.59) and set a “hold” rating for the company in a research note on Wednesday, December 6th. Barclays restated an “underweight” rating and set a GBX 220 ($3.04) price objective on shares of Mitchells & Butlers in a research note on Wednesday, November 29th. Deutsche Bank increased their price objective on shares of Mitchells & Butlers from GBX 245 ($3.38) to GBX 250 ($3.45) and gave the stock a “hold” rating in a research note on Monday, November 27th. Finally, Shore Capital reiterated a “hold” rating on shares of Mitchells & Butlers in a research note on Thursday, November 23rd. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Mitchells & Butlers currently has a consensus rating of “Hold” and an average price target of GBX 257.50 ($3.56).
Mitchells & Butlers (LON MAB) traded up GBX 0.20 ($0.00) during mid-day trading on Wednesday, reaching GBX 252.20 ($3.48). 264,772 shares of the company traded hands, compared to its average volume of 416,696. The company has a market cap of $1,070.00 and a PE ratio of 1,681.33. Mitchells & Butlers has a 1 year low of GBX 219.90 ($3.04) and a 1 year high of GBX 284.80 ($3.93).
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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.
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