Mitchells & Butlers’ (MAB) Buy Rating Reaffirmed at Berenberg Bank

Mitchells & Butlers (LON:MAB)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a research note issued to investors on Monday,London Stock Exchange reports. They currently have a GBX 1,150 price target on the stock. Berenberg Bank’s target price indicates a potential upside of 357.26% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Panmure Gordon reissued a “buy” rating and set a GBX 390 price target on shares of Mitchells & Butlers in a report on Tuesday, December 2nd. Shore Capital Group reaffirmed a “buy” rating on shares of Mitchells & Butlers in a report on Thursday, January 15th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 340 target price on shares of Mitchells & Butlers in a research note on Tuesday, December 2nd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 511.

Mitchells & Butlers Price Performance

Shares of LON:MAB traded down GBX 3.50 on Monday, hitting GBX 251.50. The stock had a trading volume of 1,435,534 shares, compared to its average volume of 1,182,403. The firm’s 50 day moving average price is GBX 276.64 and its 200-day moving average price is GBX 263.39. The company has a debt-to-equity ratio of 53.55, a quick ratio of 0.46 and a current ratio of 0.47. Mitchells & Butlers has a twelve month low of GBX 194.40 and a twelve month high of GBX 308. The company has a market capitalization of £1.49 billion, a price-to-earnings ratio of 8.53, a price-to-earnings-growth ratio of 2.76 and a beta of 1.34.

About Mitchells & Butlers

Mitchells & Butlers is a leading operator of managed restaurants and pubs in the UK. It listed on the London Stock Exchange in April 2003 and is a member of the FTSE 250. Its restaurants and pubs have some of the highest average sales and profits per site in the industry and it operates the best portfolio of brands in the UK.