Todays Report: The Mitchells & Butlers plc (MAB) Receives “Buy” Rating from Canaccord Genuity

The Mitchells & Butlers plc (MAB) Receives “Buy” Rating from Canaccord Genuity

Canaccord Genuity reissued their buy rating on shares of Mitchells & Butlers plc (LON:MAB) in a research note published on Tuesday. The brokerage currently has a GBX 350 ($4.37) target price on the stock.

Several other brokerages also recently weighed in on MAB. Panmure Gordon restated a hold rating and set a GBX 280 ($3.50) target price on shares of Mitchells & Butlers plc in a research note on Tuesday, November 22nd. Beaufort Securities restated a buy rating on shares of Mitchells & Butlers plc in a research note on Friday, September 23rd. Numis Securities Ltd restated an add rating and set a GBX 268 ($3.35) target price on shares of Mitchells & Butlers plc in a research note on Thursday, September 22nd. HSBC lowered their target price on Mitchells & Butlers plc from GBX 340 ($4.25) to GBX 275 ($3.44) and set a buy rating for the company in a research note on Monday, August 1st. Finally, JPMorgan Chase & Co. restated a neutral rating on shares of Mitchells & Butlers plc in a research note on Friday, September 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of GBX 341.64 ($4.27).

Shares of Mitchells & Butlers plc (LON:MAB) opened at 242.1481 on Tuesday. Mitchells & Butlers plc has a 1-year low of GBX 207.00 and a 1-year high of GBX 350.00. The firm’s 50-day moving average price is GBX 274.55 and its 200 day moving average price is GBX 265.31. The stock’s market capitalization is GBX 1.00 billion.

The firm also recently declared a dividend, which will be paid on Tuesday, February 7th. Stockholders of record on Thursday, December 1st will be issued a dividend of GBX 5 ($0.06) per share. This represents a dividend yield of 1.89%. 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.

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