Mitchells & Butlers (LON:MAB) Upgraded at Morgan Stanley
Morgan Stanley upgraded shares of Mitchells & Butlers (LON:MAB) to an overweight rating in a report issued on Monday, Digital Look reports. They currently have GBX 430 ($5.62) price objective on the stock, up from their prior price objective of GBX 280 ($3.66).
MAB has been the subject of several other reports. Numis Securities restated a hold rating and set a GBX 290 ($3.79) target price on shares of Mitchells & Butlers in a report on Friday, May 24th. Citigroup raised Mitchells & Butlers to a buy rating and increased their price objective for the company from GBX 310 ($4.05) to GBX 325 ($4.25) in a research note on Friday, May 24th. Canaccord Genuity upgraded shares of Mitchells & Butlers to a buy rating and raised their target price for the stock from GBX 300 ($3.92) to GBX 400 ($5.23) in a report on Wednesday, August 21st. Peel Hunt reaffirmed a buy rating on shares of Mitchells & Butlers in a research note on Friday, August 30th. Finally, Berenberg Bank reiterated a buy rating on shares of Mitchells & Butlers in a report on Monday, August 5th. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of GBX 349.55 ($4.57).
LON MAB opened at GBX 352.50 ($4.61) on Monday. The firm has a market cap of $1.55 billion and a price-to-earnings ratio of 13.72. The company has a 50-day simple moving average of GBX 323.31 and a two-hundred day simple moving average of GBX 286.66. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 119.16. Mitchells & Butlers has a 12-month low of GBX 236.50 ($3.09) and a 12-month high of GBX 378.50 ($4.95).
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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