Mitchells & Butlers (LON:MAB) Raised to “Buy” at Berenberg Bank

Mitchells & Butlers (LON:MAB) was upgraded by equities research analysts at Berenberg Bank to a “buy” rating in a note issued to investors on Thursday, June 6th, Digital Look reports. The brokerage currently has a GBX 360 ($4.70) price target on the stock, up from their previous price target of GBX 265 ($3.46). Berenberg Bank’s price objective would suggest a potential upside of 25.65% from the company’s previous close.

MAB has been the topic of a number of other research reports. Peel Hunt reissued a “buy” rating on shares of Mitchells & Butlers in a report on Tuesday, May 14th. Canaccord Genuity raised their target price on Mitchells & Butlers from GBX 285 ($3.72) to GBX 290 ($3.79) and gave the company a “hold” rating in a report on Friday, May 24th. Liberum Capital raised their target price on Mitchells & Butlers from GBX 210 ($2.74) to GBX 270 ($3.53) and gave the company a “hold” rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Mitchells & Butlers in a report on Wednesday, May 15th. Finally, Numis Securities reaffirmed a “hold” rating and issued a GBX 290 ($3.79) target price on shares of Mitchells & Butlers in a report on Friday, May 24th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Mitchells & Butlers presently has an average rating of “Hold” and a consensus price target of GBX 315.56 ($4.12).

Shares of LON MAB traded up GBX 3 ($0.04) during mid-day trading on Thursday, reaching GBX 286.50 ($3.74). 229,867 shares of the company traded hands, compared to its average volume of 415,480. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 119.16. The stock has a market cap of $1.22 billion and a PE ratio of 11.15. The company’s fifty day moving average is GBX 270.79. Mitchells & Butlers has a fifty-two week low of GBX 235 ($3.07) and a fifty-two week high of GBX 296.50 ($3.87).

In other news, insider Phil Urban acquired 15,115 shares of Mitchells & Butlers stock in a transaction on Friday, April 12th. The stock was bought at an average price of GBX 263 ($3.44) per share, for a total transaction of £39,752.45 ($51,943.62). Insiders acquired a total of 15,205 shares of company stock valued at $3,999,116 in the last quarter.

Mitchells & Butlers Company Profile

Mitchells & Butlers plc manages pubs, bars, and restaurants in the United Kingdom and Germany. It operates its pubs and restaurants under the Harvester, Toby Carvery, All Bar One, Miller & Carter, Premium Country Pubs, Sizzling Pubs, Stonehouse, Vintage Inns, Browns, Castle, Nicholson's, O'Neill's, Innkeeper's Lodge, Alex, and Ember Inns brands and formats.

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Analyst Recommendations for Mitchells & Butlers (LON:MAB)

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