Brokerages Set Mitchells & Butlers (MAB) Price Target at $262.78

Shares of Mitchells & Butlers (LON:MAB) have been given a consensus rating of “Hold” by the twelve analysts that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 262.78 ($3.69).

Several research analysts have recently weighed in on MAB shares. Peel Hunt reissued an “add” rating and set a GBX 300 ($4.21) price objective on shares of Mitchells & Butlers in a report on Friday, January 5th. Liberum Capital reaffirmed a “sell” rating on shares of Mitchells & Butlers in a report on Friday, March 23rd. Numis Securities reaffirmed a “reduce” rating and set a GBX 250 ($3.51) target price on shares of Mitchells & Butlers in a report on Thursday, January 11th. JPMorgan Chase reaffirmed a “neutral” rating and set a GBX 270 ($3.79) target price on shares of Mitchells & Butlers in a report on Monday, January 15th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 265 ($3.72) target price on shares of Mitchells & Butlers in a report on Monday, January 8th.

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Shares of MAB traded up GBX 4.20 ($0.06) during mid-day trading on Thursday, hitting GBX 262.80 ($3.69). 296,884 shares of the company traded hands, compared to its average volume of 415,480. Mitchells & Butlers has a 1 year low of GBX 219.90 ($3.09) and a 1 year high of GBX 284.80 ($4.00).

In other news, insider Phil Urban acquired 1,597 shares of Mitchells & Butlers stock in a transaction dated Wednesday, February 7th. The stock was purchased at an average cost of GBX 237 ($3.33) per share, with a total value of £3,784.89 ($5,312.87). Over the last ninety days, insiders have acquired 1,706 shares of company stock valued at $406,086.

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Mitchells & Butlers Company Profile

Mitchells & Butlers plc managed pubs and restaurants in the United Kingdom and Germany. The company operates through Retail Operating Business and Property Business segments. It operates its pubs and restaurants under the Harvester, Toby Carvery, All Bar One, Miller & Carter, Premium Country Pubs, Sizzling Pubs, Oak Tree Pubs, Crown Carveries, Stonehouse, Vintage Inns, Browns, Castle, Nicholson's, O'Neill's, Innkeeper's Lodge, Alex, and Ember Inns brands and formats.

Analyst Recommendations for Mitchells & Butlers (LON:MAB)

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