Mitchells & Butlers (LON:MAB)‘s stock had its “buy” rating reissued by equities researchers at Peel Hunt in a research report issued to clients and investors on Friday, August 30th, ThisIsMoney.Co.Uk reports.
Several other brokerages also recently commented on MAB. Shore Capital reaffirmed a “hold” rating on shares of Mitchells & Butlers in a report on Wednesday, July 31st. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Mitchells & Butlers in a research report on Wednesday, May 15th. Berenberg Bank reissued a “buy” rating on shares of Mitchells & Butlers in a research report on Monday, August 5th. Canaccord Genuity raised Mitchells & Butlers to a “buy” rating and boosted their target price for the company from GBX 300 ($3.92) to GBX 400 ($5.23) in a research report on Wednesday, August 21st. Finally, HSBC boosted their target price on 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. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 349.55 ($4.57).
Shares of MAB traded up GBX 5 ($0.07) during midday trading on Friday, hitting GBX 370 ($4.83). The company’s stock had a trading volume of 188,131 shares, compared to its average volume of 415,480. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 119.16. Mitchells & Butlers has a one year low of GBX 236.50 ($3.09) and a one year high of GBX 378.50 ($4.95). The stock has a market capitalization of $1.59 billion and a price-to-earnings ratio of 14.40. The company’s fifty day simple moving average is GBX 324.56 and its two-hundred day simple moving average is GBX 287.09.
About Mitchells & Butlers
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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