Mitchells & Butlers plc (MAB) Earns “Hold” Rating from Canaccord Genuity

Canaccord Genuity reissued their hold rating on shares of Mitchells & Butlers plc (LON:MAB) in a research report released on Thursday morning. The brokerage currently has a GBX 240 ($3.16) price objective on the stock.

Other equities analysts also recently issued research reports about the stock. Liberum Capital reissued a sell rating and set a GBX 210 ($2.76) price objective on shares of Mitchells & Butlers in a research note on Thursday, July 27th. J P Morgan Chase & Co reduced their price objective on shares of Mitchells & Butlers from GBX 280 ($3.68) to GBX 260 ($3.42) and set a neutral rating on the stock in a research note on Friday, July 28th. Numis Securities Ltd raised shares of Mitchells & Butlers to a hold rating and set a GBX 255 ($3.35) price objective on the stock in a research note on Thursday, July 27th. Shore Capital reissued a hold rating on shares of Mitchells & Butlers in a research note on Thursday. Finally, Peel Hunt reissued an add rating and set a GBX 260 ($3.42) price objective on shares of Mitchells & Butlers in a research note on Thursday, September 21st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of GBX 271.27 ($3.57).

Mitchells & Butlers (LON:MAB) opened at GBX 253.30 ($3.33) on Thursday. Mitchells & Butlers has a one year low of GBX 218 ($2.87) and a one year high of GBX 280 ($3.68).

The business also recently declared a dividend, which will be paid on Tuesday, February 6th. Investors of record on Thursday, December 14th will be given a dividend of GBX 5 ($0.07) per share. This is a positive change from Mitchells & Butlers’s previous dividend of $2.50. The ex-dividend date of this dividend is Thursday, December 14th. This represents a yield of 1.99%.

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Mitchells & Butlers Company Profile

Mitchells & Butlers plc is an operator of managed restaurants and pubs. The Company’s portfolio of brands and formats includes Harvester, Toby Carvery, All Bar One, Miller & Carter, Premium Country Pubs, Sizzling Pubs, Crown Carveries, Stonehouse, Vintage Inns, Browns, Castle, Nicholson’s, O’Neill’s and Ember Inns.

Analyst Recommendations for Mitchells & Butlers (LON:MAB)

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