Mitchells & Butlers plc (LON:MAB) insider Timothy (Tim) Charles Jones acquired 48 shares of the company’s stock in a transaction dated Friday, February 8th. The stock was acquired at an average price of GBX 283 ($3.70) per share, with a total value of £135.84 ($177.50).
Shares of Mitchells & Butlers stock opened at GBX 284.80 ($3.72) on Monday. Mitchells & Butlers plc has a 12-month low of GBX 219.90 ($2.87) and a 12-month high of GBX 284.80 ($3.72).
A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada assumed coverage on shares of Mitchells & Butlers in a research note on Tuesday, December 4th. They issued an “underperform” rating and a GBX 275 ($3.59) price objective for the company. Liberum Capital restated a “sell” rating on shares of Mitchells & Butlers in a research note on Thursday, November 22nd. Peel Hunt restated a “buy” rating on shares of Mitchells & Butlers in a research note on Thursday, January 10th. Canaccord Genuity increased their price objective on shares of Mitchells & Butlers from GBX 265 ($3.46) to GBX 285 ($3.72) and gave the company a “hold” rating in a research note on Thursday, January 10th. Finally, Barclays increased their price objective on shares of Mitchells & Butlers from GBX 225 ($2.94) to GBX 260 ($3.40) and gave the company an “underweight” rating in a research note on Friday, November 23rd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 280 ($3.66).
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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