Mitchells & Butlers (MAB) Raised to Add at Numis Securities

Mitchells & Butlers (LON:MAB) was upgraded by equities research analysts at Numis Securities to an “add” rating in a research report issued to clients and investors on Thursday, ThisIsMoney.Co.Uk reports.

Several other research firms also recently issued reports on MAB. Peel Hunt restated a “buy” rating on shares of Mitchells & Butlers in a research note on Tuesday. Liberum Capital upped their price objective on shares of Mitchells & Butlers from GBX 210 ($2.74) to GBX 270 ($3.53) and gave the company a “hold” rating in a research note on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Mitchells & Butlers in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Mitchells & Butlers currently has an average rating of “Hold” and an average price target of GBX 288.13 ($3.76).

Shares of MAB stock traded up GBX 2.50 ($0.03) on Thursday, reaching GBX 245 ($3.20). 512,613 shares of the stock were exchanged, compared to its average volume of 415,480. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 125.55. The company has a market cap of $1.03 billion and a P/E ratio of 10.04. Mitchells & Butlers has a twelve month low of GBX 235 ($3.07) and a twelve month high of GBX 294.40 ($3.85).

In related news, insider Phil Urban acquired 15,115 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was bought at an average price of GBX 263 ($3.44) per share, for a total transaction of £39,752.45 ($51,943.62). Insiders acquired 15,254 shares of company stock valued at $4,012,934 in the last 90 days.

About Mitchells & Butlers

Mitchells & Butlers plc manages pubs, bars, and restaurants in the United Kingdom and Germany. It operates its pubs and restaurants under the Harvester, Toby Carvery, All Bar One, Miller & Carter, Premium Country Pubs, Sizzling Pubs, Stonehouse, Vintage Inns, Browns, Castle, Nicholson's, O'Neill's, Innkeeper's Lodge, Alex, and Ember Inns brands and formats.

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Analyst Recommendations for Mitchells & Butlers (LON:MAB)

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