Mitchells & Butlers plc 4.9% Potential Upside Indicated by Berenberg

Broker Ratings
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Mitchells & Butlers plc with EPIC/TICKER (LON:MAB) has had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘HOLD’ this morning by analysts at Berenberg. Mitchells & Butlers plc are listed in the Consumer Services sector within UK Main Market. Berenberg have set a target price of 480 GBX on its stock. This now indicates the analyst believes there is a possible upside of 4.9% from the opening price of 457.5 GBX. Over the last 30 and 90 trading days the company share price has increased 37.5 points and increased 102.5 points respectively. The 52 week high for the share price is currently at 483 GBX while the year low stock price is currently 236.5 GBX.

Mitchells & Butlers plc has a 50 day moving average of 419.20 GBX and a 200 Day Moving Average share price is recorded at 326.08. There are currently 429,138,843 shares in issue with the average daily volume traded being 439,190. Market capitalisation for LON:MAB is £1,947,448,387 GBP.

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    Mitchells & Butlers plc has reported strong sales growth in its first quarter, with like-for-like sales up 7.7% and total sales up 9.7%.

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