Zacks Investment Research Upgrades Mitchells & Butlers (OTCMKTS:MBPFF) to Hold

Mitchells & Butlers (OTCMKTS:MBPFF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Mitchells & Butlers Plc is engaged in restaurants & pubs business. The company’s brands include Sizzling Pubs, Vintage Inns, Harvester, Ember Inns, Toby Carvery, Crown Carveries, Castle, Nicholson’s, O’Neill’s, Alex, All Bar One, Miller & Carter, Browns, Innkeeper’s Lodge, Oak Tree, Orchid Pubs and Premium Country Pubs. Its business segment consists of Retail Operating and Property business. Retail Operating business manages Group’s retail operating units. Property business holds the Group’s freehold and leasehold property. Mitchells & Butlers Plc is headquartered in Birmingham, the United Kingdom. “

Separately, Peel Hunt upgraded Mitchells & Butlers from a “hold” rating to a “buy” rating in a research note on Thursday, July 29th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Mitchells & Butlers currently has an average rating of “Buy” and an average price target of $4.75.

OTCMKTS MBPFF opened at $3.10 on Wednesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.39 and a quick ratio of 0.36. Mitchells & Butlers has a 1-year low of $0.00 and a 1-year high of $4.77. The business’s fifty day moving average price is $3.17 and its 200-day moving average price is $3.67.

Mitchells & Butlers Company Profile

Mitchells & Butlers Plc engages in the management of a chain of restaurants and pubs. Its brands include Harvester, Toby Carvery, All Bar One, Miller&Carter, Premium Country Pubs, Sizzling Pubs, Stonehouse, Vintage Inns, Browns, Castle, Nicholson’s, O’Neill’s and Ember Inns. The company was founded in 1898 and is headquartered in Birmingham, the United Kingdom.

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