A number of other analysts also recently commented on MAB. Liberum Capital reissued a sell rating and issued a GBX 210 ($2.85) price objective on shares of Mitchells & Butlers in a research note on Thursday, September 21st. Peel Hunt reissued an add rating and issued a GBX 260 ($3.53) price objective on shares of Mitchells & Butlers in a research note on Thursday, September 21st. Canaccord Genuity reissued a hold rating and issued a GBX 240 ($3.25) price objective on shares of Mitchells & Butlers in a research note on Friday, September 22nd. Deutsche Bank reissued a hold rating and issued a GBX 245 ($3.32) price objective on shares of Mitchells & Butlers in a research note on Wednesday, October 18th. Finally, Numis Securities reissued a hold rating and issued a GBX 255 ($3.46) price objective on shares of Mitchells & Butlers in a research note on Thursday, November 23rd. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of GBX 257.50 ($3.49).
Shares of Mitchells & Butlers (LON MAB) opened at GBX 272.20 ($3.69) on Friday. Mitchells & Butlers has a 12 month low of GBX 219.90 ($2.98) and a 12 month high of GBX 284.80 ($3.86). The company has a market capitalization of $1,150.00 and a price-to-earnings ratio of 1,814.67.
In related news, insider Phil Urban bought 23,036 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were bought at an average cost of GBX 258 ($3.50) per share, with a total value of £59,432.88 ($80,597.88). Insiders have bought 23,248 shares of company stock worth $5,998,632 over the last ninety days.
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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