Mitchells & Butlers (MAB) Price Target Cut to GBX 260 by Analysts at HSBC

Mitchells & Butlers (LON:MAB) had its price objective decreased by HSBC from GBX 265 ($3.57) to GBX 260 ($3.50) in a report issued on Wednesday. HSBC currently has a hold rating on the stock.

Other research analysts have also issued reports about the company. Peel Hunt restated an add rating and issued a GBX 300 ($4.04) price target on shares of Mitchells & Butlers in a research report on Thursday, November 23rd. Deutsche Bank restated a hold rating and issued a GBX 245 ($3.30) price target on shares of Mitchells & Butlers in a research report on Wednesday, October 18th. Canaccord Genuity restated a hold rating and issued a GBX 240 ($3.23) price target on shares of Mitchells & Butlers in a research report on Friday, September 22nd. Shore Capital restated a hold rating on shares of Mitchells & Butlers in a research report on Thursday, September 21st. Finally, raised their price target on Mitchells & Butlers from GBX 260 ($3.50) to GBX 265 ($3.57) and gave the stock a hold rating in a research report on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of GBX 270.45 ($3.64).

Mitchells & Butlers (LON:MAB) traded down GBX 2.60 ($0.03) during trading hours on Wednesday, hitting GBX 256.60 ($3.45). The stock had a trading volume of 402,703 shares, compared to its average volume of 529,371. Mitchells & Butlers has a 1-year low of GBX 218 ($2.93) and a 1-year high of GBX 280 ($3.77).

The firm also recently announced a dividend, which will be paid on Tuesday, February 6th. Shareholders of record on Thursday, December 14th will be issued a dividend of GBX 5 ($0.07) per share. The ex-dividend date is Thursday, December 14th. This is a positive change from Mitchells & Butlers’s previous dividend of $2.50. This represents a yield of 1.99%.

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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.

Analyst Recommendations for Mitchells & Butlers (LON:MAB)

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