The stock of Mitchells & Butlers plc (LON:MAB) is a huge mover today! The stock decreased 2.12% or GBX 5.6 on November 23, hitting GBX 258.6. About 585,012 shares traded hands or 64.30% up from the average. Mitchells & Butlers plc (LON:MAB) has declined 3.44% since April 26, 2016 and is downtrending. It has underperformed by 8.76% the S&P500.
The move comes after 7 months negative chart setup for the GBX 1.09B company. It was reported on Nov, 23 by Barchart.com. We have GBX 248.26 PT which if reached, will make LON:MAB worth GBX 43.60 million less.
Mitchells & Butlers plc (LON:MAB) Ratings Coverage
Out of 18 analysts covering Mitchells Butlers PLC (LON:MAB), 7 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 39% are positive. GBX 523 is the highest target while GBX 240 is the lowest. The GBX 349.88 average target is 35.30% above today’s (GBX 258.6) stock price. Mitchells Butlers PLC has been the topic of 103 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was maintained by Barclays Capital on Wednesday, November 25 with “Equal Weight”. Numis Securities maintained the shares of MAB in a report on Tuesday, November 24 with “Add” rating. The rating was maintained by Canaccord Genuity on Friday, September 18 with “Buy”. On Thursday, January 28 the stock rating was upgraded by Canaccord Genuity to “Buy”. The stock has “Overwt/In-Line” rating given by Morgan Stanley on Tuesday, November 24. The firm has “Buy” rating given on Friday, May 20 by Beaufort Securities. The firm has “Buy” rating by Deutsche Bank given on Wednesday, January 20. Canaccord Genuity maintained the shares of MAB in a report on Friday, September 11 with “Buy” rating. Panmure Gordon upgraded it to “Hold” rating and GBX 300 target price in Thursday, January 28 report. The stock of Mitchells & Butlers plc (LON:MAB) has “Sell” rating given on Tuesday, October 25 by Citigroup.
Another recent and important Mitchells & Butlers plc (LON:MAB) news was published by Seekingalpha.com which published an article titled: “Analysis Of Mitchells & Butlers” on October 06, 2016.
Mitchells & Butlers plc is an operator of restaurants, pubs and bars. The company has a market cap of 1.09 billion GBP. The Firm operates through retail operating business and property business divisions. It has a 12.03 P/E ratio. The Firm operates approximately 1,700 restaurants and pubs in the United Kingdom.
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