Mitchells & Butlers (MAB) Price Target Increased to GBX 260 by Analysts at Canaccord Genuity

Mitchells & Butlers (LON:MAB) had its target price hoisted by Canaccord Genuity from GBX 240 ($3.23) to GBX 260 ($3.50) in a research note published on Monday. They currently have a hold rating on the stock.

A number of other analysts have also recently commented on the stock. Peel Hunt reaffirmed an add rating and set a GBX 300 ($4.04) target price on shares of Mitchells & Butlers in a report on Friday. Deutsche Bank reaffirmed a hold rating and set a GBX 245 ($3.30) target price on shares of Mitchells & Butlers in a report on Wednesday, October 18th. upped their target price on shares of Mitchells & Butlers from GBX 260 ($3.50) to GBX 265 ($3.57) and gave the company a hold rating in a report on Friday, September 1st. Citigroup reaffirmed a sell rating on shares of Mitchells & Butlers in a report on Friday, November 24th. Finally, Barclays reiterated an underweight rating and issued a GBX 220 ($2.96) price target on shares of Mitchells & Butlers in a research report on Wednesday, November 29th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of GBX 271.50 ($3.65).

Mitchells & Butlers (LON:MAB) traded down GBX 1.30 ($0.02) on Monday, hitting GBX 259.50 ($3.49). 660,186 shares of the stock traded hands, compared to its average volume of 497,905. Mitchells & Butlers has a 1 year low of GBX 218 ($2.93) and a 1 year high of GBX 280 ($3.77).

The business also recently announced a dividend, which will be paid on Tuesday, February 6th. Investors of record on Thursday, December 14th will be given a dividend of GBX 5 ($0.07) per share. This is a positive change from Mitchells & Butlers’s previous dividend of $2.50. The ex-dividend date is Thursday, December 14th. This represents a dividend yield of 1.99%.

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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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