Berenberg Bank Reiterates "Buy" Rating for Mitchells & Butlers (LON:MAB)

Key Points

• Berenberg Bank reiterated a "Buy" rating with a GBX 1,150 price target, implying roughly a 357% upside from the prior close.
• Analyst consensus is four Buys and two Holds, giving a MarketBeat consensus of "Moderate Buy" and a consensus target of GBX 511.
• The stock traded around GBX 251.50 midday, with a market cap of £1.49bn, a P/E of 8.53, and a 12‑month range of GBX 194.40–308.

Mitchells & Butlers (LON:MAB - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Berenberg Bank in a research note issued on Monday,London Stock Exchange reports. They currently have a GBX 1,150 price target on the stock. Berenberg Bank's price objective indicates a potential upside of 357.26% from the stock's previous close.

Other analysts also recently issued research reports about the company. Panmure Gordon reiterated a "buy" rating and issued a GBX 390 price objective on shares of Mitchells & Butlers in a research report on Tuesday, December 2nd. Shore Capital Group restated a "buy" rating on shares of Mitchells & Butlers in a research report on Thursday, January 15th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a GBX 340 target price on shares of Mitchells & Butlers in a research report on Tuesday, December 2nd. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 511.

Mitchells & Butlers Stock Performance

Shares of LON MAB traded down GBX 3.50 during mid-day trading on Monday, hitting GBX 251.50. The company had a trading volume of 1,435,534 shares, compared to its average volume of 1,182,403. Mitchells & Butlers has a 12 month low of GBX 194.40 and a 12 month high of GBX 308. The firm has a market cap of £1.49 billion, a P/E ratio of 8.53, a PEG ratio of 2.76 and a beta of 1.34. The business's 50-day simple moving average is GBX 276.64 and its 200-day simple moving average is GBX 263.39. The company has a debt-to-equity ratio of 53.55, a current ratio of 0.47 and a quick ratio of 0.46.

Mitchells & Butlers Company Profile

Mitchells & Butlers is a leading operator of managed restaurants and pubs in the UK. It listed on the London Stock Exchange in April 2003 and is a member of the FTSE 250. Its restaurants and pubs have some of the highest average sales and profits per site in the industry and it operates the best portfolio of brands in the UK.

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