Could Mitchells & Butlers plc Decline After Today’s Huge Increase?

 Could Mitchells & Butlers plc Decline After Today's Huge Increase?

The stock of Mitchells & Butlers plc (LON:MAB) is a huge mover today! The stock increased 0.29% or GBX 0.8 on November 8, hitting GBX 278.2. About 189,825 shares traded hands. Mitchells & Butlers plc (LON:MAB) has risen 1.72% since April 8, 2016 and is uptrending. It has underperformed by 0.23% the S&P500.
The move comes after 8 months positive chart setup for the GBX 1.15 billion company. It was reported on Nov, 8 by Barchart.com. We have GBX 397.83 PT which if reached, will make LON:MAB worth GBX 494.50 million more.

Mitchells & Butlers plc (LON:MAB) Ratings Coverage

Out of 18 analysts covering Mitchells Butlers PLC (LON:MAB), 9 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 50% are positive. Mitchells Butlers PLC has been the topic of 98 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Panmure Gordon maintained the stock with “Hold” rating in Wednesday, July 27 report. HSBC maintained the shares of MAB in a report on Monday, August 1 with “Buy” rating. The stock has “Neutral” rating given by JP Morgan on Wednesday, November 25. Canaccord Genuity maintained the shares of MAB in a report on Friday, July 31 with “Buy” rating. The firm has “Buy” rating given on Thursday, January 28 by Canaccord Genuity. On Thursday, July 28 the stock rating was maintained by JP Morgan with “Neutral”. The firm earned “Sell” rating on Tuesday, November 24 by Panmure Gordon. The stock has “Buy” rating given by Goodbody on Tuesday, September 22. The firm has “Buy” rating by AlphaValue given on Thursday, January 7. The rating was maintained by Stifel Nicolaus on Tuesday, December 22 with “Buy”.

Mitchells & Butlers plc is an operator of restaurants, pubs and bars. The company has a market cap of 1.15 billion GBP. The Firm operates through retail operating business and property business divisions. It has a 9.59 P/E ratio. The Firm operates approximately 1,700 restaurants and pubs in the United Kingdom.

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