JPMorgan Chase & Co. Boosts Mitchells & Butlers (LON:MAB) Price Target to GBX 340

Mitchells & Butlers (LON:MAB) had its price objective raised by JPMorgan Chase & Co. from GBX 290 ($3.69) to GBX 340 ($4.32) in a research note published on Thursday morning, Marketbeat.com reports. The firm currently has a neutral rating on the stock.

Other research analysts have also issued research reports about the stock. Jefferies Financial Group raised their price target on shares of Mitchells & Butlers from GBX 270 ($3.43) to GBX 325 ($4.13) and gave the company a buy rating in a report on Tuesday, February 20th. Shore Capital restated a buy rating on shares of Mitchells & Butlers in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of GBX 307.50 ($3.91).

Mitchells & Butlers Trading Up 1.3 %

Shares of MAB stock opened at GBX 301 ($3.83) on Thursday. The firm has a market cap of £1.79 billion, a P/E ratio of -30,100.00, a PEG ratio of 2.76 and a beta of 1.54. Mitchells & Butlers has a 1-year low of GBX 194.80 ($2.48) and a 1-year high of GBX 304 ($3.86). The company has a debt-to-equity ratio of 84.51, a current ratio of 0.41 and a quick ratio of 0.46. The firm’s 50-day simple moving average is GBX 241.63 and its 200-day simple moving average is GBX 244.60.

Mitchells & Butlers Company Profile

Mitchells & Butlers plc engages in the management of pubs, bars, and restaurants in the United Kingdom and Germany. The company operates its pubs and restaurants under the Alex, All Bar One, Browns, Castle, EGO, Ember Inns, Harvester, High Street, Innkeeper's Lodge, Miller & Carter, Nicholson's, O'Neill's, Premium Country Pubs, Sizzling Pubs, Suburban, Stonehouse Pizza & Carvery, Toby Carvery, and Vintage Inns brands and formats.