Mitchells & Butlers (LON:MAB) Price Target Raised to GBX 500 at Peel Hunt

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Mitchells & Butlers (LON:MAB) had its price target raised by stock analysts at Peel Hunt from GBX 475 ($6.21) to GBX 500 ($6.53) in a note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports. The firm presently has an “add” rating on the stock. Peel Hunt’s target price would indicate a potential upside of 4.93% from the stock’s current price.

MAB has been the topic of a number of other reports. Berenberg Bank reissued a “buy” rating on shares of Mitchells & Butlers in a research report on Monday, August 5th. HSBC increased their price objective on shares of Mitchells & Butlers from GBX 310 ($4.05) to GBX 350 ($4.57) and gave the company a “buy” rating in a research report on Monday, August 12th. Shore Capital reissued a “hold” rating on shares of Mitchells & Butlers in a research report on Wednesday, July 31st. Liberum Capital reaffirmed a “buy” rating on shares of Mitchells & Butlers in a research report on Wednesday. Finally, Canaccord Genuity raised shares of Mitchells & Butlers to a “buy” rating and increased their target price for the company from GBX 300 ($3.92) to GBX 400 ($5.23) in a research report on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. Mitchells & Butlers presently has a consensus rating of “Hold” and an average target price of GBX 356.36 ($4.66).

Shares of LON:MAB opened at GBX 476.50 ($6.23) on Wednesday. Mitchells & Butlers has a 52 week low of GBX 236.50 ($3.09) and a 52 week high of GBX 454 ($5.93). The company’s 50 day moving average is GBX 418.46 and its two-hundred day moving average is GBX 330.06. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 119.16. The company has a market cap of $1.95 billion and a PE ratio of 18.54.

Mitchells & Butlers Company Profile

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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Analyst Recommendations for Mitchells & Butlers (LON:MAB)

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