Mitchells & Butlers plc (LON:MAB)‘s stock had its “neutral” rating restated by stock analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday. They presently have a GBX 260 ($3.25) target price on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 5.65% from the company’s previous close.
Other research analysts have also issued research reports about the company. Beaufort Securities lowered Mitchells & Butlers plc to a “hold” rating in a research report on Wednesday. Shore Capital restated a “hold” rating on shares of Mitchells & Butlers plc in a research report on Thursday, September 22nd. Canaccord Genuity restated a “buy” rating and set a GBX 350 ($4.37) target price on shares of Mitchells & Butlers plc in a research report on Thursday, September 22nd. HSBC lowered their price target on Mitchells & Butlers plc from GBX 340 ($4.25) to GBX 275 ($3.44) and set a “buy” rating for the company in a report on Monday, August 1st. Finally, Panmure Gordon reiterated a “hold” rating and issued a GBX 280 ($3.50) price target on shares of Mitchells & Butlers plc in a report on Thursday, September 22nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. Mitchells & Butlers plc presently has an average rating of “Hold” and a consensus price target of GBX 341.64 ($4.27).
Mitchells & Butlers plc (LON:MAB) opened at 243.32 on Wednesday. The company’s 50-day moving average price is GBX 275.61 and its 200-day moving average price is GBX 265.48. The company’s market cap is GBX 1.00 billion. Mitchells & Butlers plc has a 52-week low of GBX 207.00 and a 52-week high of GBX 350.00.
The company also recently announced a dividend, which will be paid on Tuesday, February 7th. Investors of record on Thursday, December 1st will be given a GBX 5 ($0.06) dividend. This represents a dividend yield of 1.89%. This is an increase from Mitchells & Butlers plc’s previous dividend of $2.50. The ex-dividend date is Thursday, December 1st.