Research analysts at HSBC increased their price objective on shares of Mitchells & Butlers plc (LON:MAB) from GBX 500 ($8.22) to GBX 510 ($8.38) in a report released on Thursday, Stock Ratings Network reports. The firm currently has an “overweight” rating on the stock. HSBC’s price target indicates a potential upside of 13.38% from the company’s current price.
MAB has been the subject of a number of other recent research reports. Analysts at Barclays raised their price target on shares of Mitchells & Butlers plc from GBX 480 ($7.89) to GBX 500 ($8.22) in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 444.55 ($7.31).
Shares of Mitchells & Butlers plc (LON:MAB) opened at 450.60 on Thursday. Mitchells & Butlers plc has a 52 week low of GBX 306.40 and a 52 week high of GBX 475.00. The stock has a 50-day moving average of GBX 440.9 and a 200-day moving average of GBX 420.. The company’s market cap is £1.842 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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