Today, Mitchells & Butlers plc (MAB) Price Target Increased to GBX 305 by Analysts at HSBC

Today, Mitchells & Butlers plc (MAB) Price Target Increased to GBX 305 by Analysts at HSBC
Mitchells & Butlers plc (LON:MAB) had its target price hoisted by investment analysts at HSBC from GBX 275 ($3.44) to GBX 305 ($3.81) in a research report issued on Tuesday. The brokerage presently has a “buy” rating on the stock. HSBC’s target price would indicate a potential upside of 26.77% from the company’s current price.

A number of other analysts also recently weighed in on the stock. Citigroup Inc. downgraded shares of Mitchells & Butlers plc to a “sell” rating and raised their price target for the stock from GBX 230 ($2.87) to GBX 250 ($3.12) in a research report on Tuesday, October 25th. FinnCap reaffirmed a “buy” rating on shares of Mitchells & Butlers plc in a report on Thursday, July 28th. Shore Capital reaffirmed a “hold” rating on shares of Mitchells & Butlers plc in a report on Wednesday, July 27th. JPMorgan Chase & Co. lifted their price objective on shares of Mitchells & Butlers plc from GBX 240 ($3.00) to GBX 260 ($3.25) and gave the stock a “neutral” rating in a report on Thursday, July 28th. Finally, Canaccord Genuity decreased their price objective on shares of Mitchells & Butlers plc from GBX 360 ($4.50) to GBX 350 ($4.37) and set a ” buy” rating for the company in a report on Thursday, July 28th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. Mitchells & Butlers plc has a consensus rating of “Hold” and a consensus price target of GBX 341.64 ($4.27).

Mitchells & Butlers plc (LON:MAB) traded down 2.23% during trading on Tuesday, hitting GBX 240.60. 717,736 shares of the stock were exchanged. Mitchells & Butlers plc has a one year low of GBX 207.00 and a one year high of GBX 350.00. The stock’s 50 day moving average is GBX 274.55 and its 200-day moving average is GBX 265.31. The company’s market cap is GBX 993.68 million.

The firm also recently declared a dividend, which will be paid on Tuesday, February 7th. Shareholders of record on Thursday, December 1st will be given a GBX 5 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, December 1st. This is a boost from Mitchells & Butlers plc’s previous dividend of $2.50. This represents a yield of 1.89%.

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