Mitchells & Butlers plc 16.7% potential upside indicated by JP Morgan

Mitchells & Butlers plc with ticker (LON:MAB) now has a potential upside of 16.7% according to JP Morgan Cazenove.



JP Morgan Cazenove set a target price of 276 GBX for the company, which when compared to the Mitchells & Butlers plc share price of 230 GBX at opening today (02/12/2021) indicates a potential upside of 16.7%. Trading has ranged between 210 (52 week low) and 368 (52 week high) with an average of 807,348 shares exchanging hands daily. The market capitalisation at the time of writing is £1,345,071,984.

Mitchells & Butlers PLC is an operator of managed restaurants and pubs. The Company’s portfolio of brands and formats includes Harvester, Toby Carvery, All Bar One, Miller & Carter, Premium Country Pubs, Sizzling Pubs, Crown Carveries, Stonehouse, Vintage Inns, Browns, Castle, Nicholson’s, O’Neill’s and Ember Inns. The Company’s segments are Retail operating business and Property business. The Company also operates Innkeeper’s Lodge hotels in the United Kingdom, and Alex restaurants and bars in Germany. The Company also offers Dining Out gift cards. The Company’s subsidiaries are engaged in the business of leisure retailing, property leasing, property management and finance. The Company’s subsidiaries include Mitchells & Butlers Retail Limited, Mitchells & Butlers Retail (No. 2) Limited, Ha Ha Bar & Grill Limited, Orchid Pubs & Dining Limited, ALEX Gaststatten Gesellschaft mbH & Co KG, Midco 1 Limited and Mitchells & Butlers (Property) Limited.