Mitchells & Butlers plc 10.6% potential upside indicated by JP Morgan

Mitchells & Butlers plc with ticker (LON:MAB) now has a potential upside of 10.6% according to JP Morgan.

MAB.L

JP Morgan set a target price of 340 GBX for the company, which when compared to the Mitchells & Butlers plc share price of 308 GBX at opening today (06/06/2024) indicates a potential upside of 10.6%. Trading has ranged between 195 (52 week low) and 315 (52 week high) with an average of 279,045 shares exchanging hands daily. The market capitalisation at the time of writing is £1,841,045,360.

Mitchells & Butlers plc is a United Kingdom-based company that operates restaurants, pubs, and bars. The Company provides a choice of eating and drinking-out experiences through its brands. It has approximately 1,700 businesses, including restaurant and pub brands, such as All Bar One, Browns, Castle, Ember Inns, Harvester, High St, Innkeeper’s Collection, Miller & Carter, Nicholson’s, O’Neill’s, Premium Country Pubs, Sizzling Pubs, Stonehouse Pizza & Carvery, Toby Carvery, ALEX, and Vintage Inns. In addition, the Company operates Innkeeper’s Collection hotels in the United Kingdom and Alex restaurants and bars in Germany. The Company’s subsidiaries include Mitchells & Butlers Retail Limited, Ha Ha Bar & Grill Limited, Orchid Pubs & Dining Limited, ALEX Gaststatten Gesellschaft mbH & Co KG, and Mitchells & Butlers Finance plc, among others.