Mitchells & Butlers (LON:MAB) had its target price boosted by HSBC from GBX 310 ($4.05) to GBX 350 ($4.57) in a research report sent to investors on Monday morning, ThisIsMoney.Co.Uk reports. The firm currently has a buy rating on the stock.
Several other equities research analysts also recently issued reports on MAB. Canaccord Genuity increased their target price on Mitchells & Butlers from GBX 290 ($3.79) to GBX 300 ($3.92) and gave the stock a hold rating in a research report on Thursday, August 1st. Numis Securities restated a hold rating and set a GBX 290 ($3.79) target price on shares of Mitchells & Butlers in a research report on Friday, May 24th. Peel Hunt increased their target price on Mitchells & Butlers from GBX 325 ($4.25) to GBX 375 ($4.90) and gave the stock a buy rating in a research report on Wednesday, July 31st. Citigroup upgraded Mitchells & Butlers to a buy rating and increased their target price for the stock from GBX 310 ($4.05) to GBX 325 ($4.25) in a research report on Friday, May 24th. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Mitchells & Butlers in a report on Wednesday, May 15th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of GBX 326.50 ($4.27).
LON:MAB opened at GBX 300 ($3.92) on Monday. The stock has a market capitalization of $1.29 billion and a P/E ratio of 11.67. The stock’s fifty day moving average is GBX 299.66. Mitchells & Butlers has a 1 year low of GBX 236.50 ($3.09) and a 1 year high of GBX 322 ($4.21). The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 119.16.
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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