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).
ILLEGAL ACTIVITY NOTICE: This report was reported by Ticker Report and is the property of of Ticker Report. If you are reading this report on another website, it was illegally stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be read at https://www.tickerreport.com/banking-finance/3080366/mitchells-butlers-mab-price-target-cut-to-gbx-260-by-analysts-at-hsbc.html.
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.
Receive News & Ratings for Mitchells & Butlers plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitchells & Butlers plc and related companies with MarketBeat.com's FREE daily email newsletter.