Mitchells & Butlers plc -3.1% potential downside indicated by JP Morgan Cazenove

Mitchells & Butlers plc with ticker (LON:MAB) now has a potential downside of -3.1% according to JP Morgan Cazenove.



JP Morgan Cazenove set a target price of 217 GBX for the company, which when compared to the Mitchells & Butlers plc share price of 224 GBX at opening today (29/09/2023) indicates a potential downside of -3.1%. Trading has ranged between 100 (52 week low) and 239 (52 week high) with an average of 264,710 shares exchanging hands daily. The market capitalisation at the time of writing is £1,327,387,007.

Mitchells & Butlers plc is a United Kingdom-based company that operates pubs and restaurants. The Company provides a choice of eating and drinking-out experiences through its brands. The Company’s portfolio of brands and formats includes All Bar One, Browns, Castle, Ember Inns, Harvester, Miller & Carter, Nicholson’s, O’Neill’s, Premium Country Pubs, Sizzling Pubs, Stonehouse, Toby Carvery, ALEX, High St, Innkeeper’s Collection, 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 has over 1,700 businesses. 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 Leisure Retail Limited, among others.