Mitchells & Butlers plc (LON:MAB) was downgraded by equities research analysts at Beaufort Securities to a “hold” rating in a research note issued on Wednesday.
A number of other analysts also recently weighed in on MAB. Citigroup Inc. downgraded Mitchells & Butlers plc to a “sell” rating and upped their target price for the company from GBX 230 ($2.87) to GBX 250 ($3.12) in a research report on Tuesday, October 25th. Panmure Gordon reiterated a “hold” rating and set a GBX 280 ($3.50) target price on shares of Mitchells & Butlers plc in a research report on Friday, September 9th. Numis Securities Ltd reiterated a “reduce” rating and set a GBX 255 ($3.19) target price on shares of Mitchells & Butlers plc in a research report on Tuesday. HSBC upped their target price on Mitchells & Butlers plc from GBX 275 ($3.44) to GBX 305 ($3.81) and gave the company a “buy” rating in a research report on Tuesday, November 8th. Finally, Canaccord Genuity reiterated a “buy” rating and set a GBX 360 ($4.50) target price on shares of Mitchells & Butlers plc in a research report on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 341.64 ($4.27).
Shares of Mitchells & Butlers plc (LON:MAB) opened at 243.32 on Wednesday. Mitchells & Butlers plc has a 12 month low of GBX 207.00 and a 12 month high of GBX 350.00. The company has a 50-day moving average price of GBX 275.61 and a 200-day moving average price of GBX 265.48. The firm’s market capitalization is GBX 1.00 billion.
The business also recently declared a dividend, which will be paid on Tuesday, February 7th. Stockholders of record on Thursday, December 1st will be paid a GBX 5 ($0.06) dividend. This is a boost from Mitchells & Butlers plc’s previous dividend of $2.50. The ex-dividend date is Thursday, December 1st. This represents a dividend yield of 1.89%.
About Mitchells & Butlers plc
Mitchells & Butlers plc is an operator of restaurants, pubs and bars. The Company operates through retail operating business and property business segments. The Company operates approximately 1,700 restaurants and pubs in the United Kingdom. The Company’s brands include Sizzling Pubs, Vintage Inns, Harvester, Ember Inns, Toby Carvery, Crown Carveries, Castle, Nicholson’s, O’Neill’s, Alex, All Bar One, Miller & Carter, Browns, Innkeeper’s Lodge, Oak Tree, Orchid Pubs and Premium Country Pubs.
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