Mitchells & Butlers plc (LON:MAB)‘s stock had its “buy” rating restated by equities research analysts at Numis Securities Ltd in a research note issued to investors on Monday, American Banking News.com reports. They currently have a GBX 500 ($8.20) price objective on the stock. Numis Securities Ltd’s price objective indicates a potential upside of 15.58% from the stock’s previous close.
Mitchells & Butlers plc (LON:MAB) opened at 434.10 on Monday. Mitchells & Butlers plc has a 52 week low of GBX 292.70 and a 52 week high of GBX 475.00. The stock’s 50-day moving average is GBX 412.1 and its 200-day moving average is GBX 408.5. The company’s market cap is £1.780 billion.
A number of other analysts have also recently weighed in on MAB. Analysts at HSBC reiterated an “overweight” rating on shares of Mitchells & Butlers plc in a research note to investors on Wednesday, November 27th. They now have a GBX 500 ($8.20) price target on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Mitchells & Butlers plc to a “neutral” rating in a research note to investors on Wednesday, November 27th. They now have a GBX 400 ($6.56) price target on the stock. Finally, analysts at Nomura raised their price target on shares of Mitchells & Butlers plc from GBX 370 ($6.07) to GBX 390 ($6.40) in a research note to investors on Wednesday, November 27th. They now have a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Mitchells & Butlers plc presently has an average rating of “Hold” and a consensus price target of GBX 432.05 ($7.09).
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.
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