Numis Securities Ltd Downgrades Mitchells & Butlers plc to Add (MAB)

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Mitchells & Butlers plc (LON:MAB) was downgraded by equities research analysts at Numis Securities Ltd to an “add” rating in a research note issued to investors on Thursday, Analyst Ratings News reports. They currently have a GBX 525 ($8.62) target price on the stock, up from their previous target price of GBX 500 ($8.21). Numis Securities Ltd’s price objective indicates a potential upside of 16.67% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Mitchells & Butlers plc in a research note to investors on Friday, January 10th. They now have a GBX 435 ($7.14) price target on the stock. Separately, 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 ($8.21) price target on the stock. Finally, 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 ($6.57) price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. Mitchells & Butlers plc presently has an average rating of “Hold” and an average target price of GBX 434.13 ($7.13).

Mitchells & Butlers plc (LON:MAB) opened at 450.30 on Thursday. Mitchells & Butlers plc has a one year low of GBX 292.70 and a one year high of GBX 475.00. The stock’s 50-day moving average is GBX 432.4 and its 200-day moving average is GBX 416.. The company’s market cap is £1.846 billion.

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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