Mitchells & Butlers plc (LON:MAB)‘s stock had its “add” rating reiterated by equities researchers at Numis Securities Ltd in a research report issued on Monday, American Banking and Market News reports. They currently have a GBX 500 ($8.09) price objective on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 25.53% from the stock’s previous close.
Mitchells & Butlers plc (LON:MAB) opened at 399.10 on Monday. Mitchells & Butlers plc has a 52-week low of GBX 292.70 and a 52-week high of GBX 475.00. The stock’s 50-day moving average is GBX 420.5 and its 200-day moving average is GBX 387.3. The company’s market cap is £1.636 billion.
A number of other analysts have also recently weighed in on MAB. Analysts at AlphaValue reiterated a “sell” rating on shares of Mitchells & Butlers plc in a research note to investors on Thursday. They now have a GBX 363 ($5.87) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Mitchells & Butlers plc in a research note to investors on Monday, October 7th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 426.70 ($6.90).
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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