Mitchells & Butlers (MAB) PT Raised to GBX 260 at Canaccord Genuity
Mitchells & Butlers (LON:MAB) had its price objective boosted by investment analysts at Canaccord Genuity from GBX 240 ($3.23) to GBX 260 ($3.50) in a note issued to investors on Monday. The brokerage currently has a “hold” rating on the stock. Canaccord Genuity’s price target would suggest a potential upside of 0.19% from the company’s current price.
A number of other research analysts also recently weighed in on the company. Peel Hunt reissued an “add” rating and issued a GBX 300 ($4.04) target price on shares of Mitchells & Butlers in a report on Friday, December 1st. Barclays reissued an “underweight” rating and issued a GBX 220 ($2.96) target price on shares of Mitchells & Butlers in a report on Wednesday, November 29th. Deutsche Bank increased their target price on Mitchells & Butlers from GBX 245 ($3.30) to GBX 250 ($3.36) and gave the company a “hold” rating in a report on Monday, November 27th. Citigroup reissued a “sell” rating on shares of Mitchells & Butlers in a report on Friday, November 24th. Finally, Numis Securities reissued a “hold” rating and issued a GBX 255 ($3.43) target price on shares of Mitchells & Butlers in a report on Thursday, November 23rd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. Mitchells & Butlers has an average rating of “Hold” and a consensus price target of GBX 271.50 ($3.65).
Mitchells & Butlers (LON MAB) opened at GBX 259.50 ($3.49) on Monday. Mitchells & Butlers has a 1-year low of GBX 218 ($2.93) and a 1-year high of GBX 280 ($3.77).
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About Mitchells & Butlers
Mitchells & Butlers plc is an operator of managed restaurants and pubs. The Company’s portfolio of brands and formats includes Harvester, Toby Carvery, All Bar One, Miller & Carter, Premium Country Pubs, Sizzling Pubs, Crown Carveries, Stonehouse, Vintage Inns, Browns, Castle, Nicholson’s, O’Neill’s and Ember Inns.
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