Mitchells & Butlers plc Given New GBX 500 Price Target at Barclays (MAB)

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Equities researchers at Barclays raised their target price on shares of Mitchells & Butlers plc (LON:MAB) from GBX 480 ($7.89) to GBX 500 ($8.22) in a research report issued on Wednesday, Analyst Ratings Network reports. The firm currently has an “overweight” rating on the stock. Barclays’ price objective points to a potential upside of 11.61% from the company’s current price.

A number of other analysts have also recently weighed in on MAB. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Mitchells & Butlers plc in a research note to investors on Friday, January 31st. They now have a GBX 435 ($7.15) price target on the stock. Separately, analysts at Panmure Gordon reiterated a “sell” rating on shares of Mitchells & Butlers plc in a research note to investors on Thursday, January 30th. They now have a GBX 365 ($6.00) price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Mitchells & Butlers plc from GBX 400 ($6.57) to GBX 460 ($7.56) in a research note to investors on Friday, January 24th. They now have a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 443.72 ($7.29).

Shares of Mitchells & Butlers plc (LON:MAB) opened at 450.90 on Wednesday. Mitchells & Butlers plc has a 1-year low of GBX 306.40 and a 1-year high of GBX 475.00. The stock’s 50-day moving average is GBX 439.8 and its 200-day moving average is GBX 419.. The company’s market cap is £1.844 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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