Mitchells Butlers PLC (LON:MAB) Receives a Downgrade
Goodbody has issued an update for Mitchells Butlers PLC (LON:MAB) shares with a new Hold rating in recent note shared with investors and clients on 17 December. Their target PPS on the stock is now GBX 345.00.
From a total of 16 analysts covering Mitchells Butlers PLC (LON:MAB) stock, 8 rate it a ”Buy”, 1 a “Sell”, and 8 a ”Hold”. This means that 47% of the ratings are positive. The highest target price is GBX 495 while the lowest target price is GBX 300. The mean of all analyst targets is GBX 411.88 with a 29.76% above today’s (GBX 317.6) stock price. Mitchells Butlers PLC was the topic of 48 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. AlphaValue maintained shares on December 3 with “Buy” rating. Panmure Gordon maintained shares with “Sell” rating and GBX 300 target share price in a report from a November 24. JP Morgan maintained MAB stock in a recent report from November 25 with “Neutral” rating. Peel Hunt maintained the rating on November 24. Peel Hunt has a “Hold” rating and a GBX 345 price target on shares. Finally, Barclays Capital maintained the stock with “Equal Weight” rating in a report issued on a November 25.
Approximately 35,051 shares of stock traded hands. Mitchells & Butlers plc (LON:MAB) has declined 28.50% since May 20, 2015 and is downtrending. It has underperformed by 26.23% the S&P500.
Mitchells & Butlers plc is an operator of managed restaurants, pubs and bars. The company has a market cap of 1.30 billion GBP. The Firm provides a choice of eating and drinking-out. It has 12.77 P/E ratio. The Firm operates in the United Kingdom.