In a note issued to clients on Wednesday morning, Mitchells Butlers PLC (LON:MAB) stock had its Equal weight Rating reconfirmed by stock analysts at Barclays Capital. Barclays Capital have set their target price at 375 GBX on its stock.
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According to data compiled by Thomson Reuters, Mitchells Butlers PLC (LON:MAB)’s stock is covered by 16 equity analysts across the Street, with 1 analysts giving it a Sell rating, 8 a Buy rating, while 8 consider it a Hold.
A number of research analysts have recently issued reports on the company. Numis Securities Ltd reissued an “add” rating and set a GBX 400 ($6.05) target price on shares of Mitchells & Butlers plc in a research report on Tuesday.
The stock price of Mitchells Butlers PLC nosedived 21.39% over the last 200 days, and is in strong down trend. Mitchells & Butlers plc presently has an average rating of “Hold” and a consensus target price of GBX 436.71 ($6.61). Mitchells & Butlers plc (LON:MAB) has declined 18.43% since April 28, 2015 and is downtrending. The company has a market cap of 1.43 billion GBP. The 52 week high share price is 485.1 GBX while the 52 week low is 308.7 GBX.
Mitchells & Butlers plc is an operator of managed restaurants, pubs and bars. The Firm provides a choice of eating and drinking-out.
It is forecast that the Wolverhampton company, which operates 1,600 pubs, will announce annual pretax profits up 10 per cent to £91.5million, after opening 25 pub restaurants past year. The Company’s brands include Sizzling Pubs, Vintage Inns, Harvester, Ember Inns, Toby Carvery, Crown Carveries, Castle, Nicholson’s, Premium Country Dining Group, O’Neill’s, Alex, All Bar One, Village Pub & Kitchen, Miller & Carter, Browns, Innkeeper’s Lodge and Oak Tree.
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Further, the company said sales in the first eight weeks of the year have been soft, with total sales down by 1.3 percent and like-for-like sales down by 1.6 percent, reflecting an increasingly competitive market.
