Mitchells & Butlers plc 41.9% Potential Upside Indicated by HSBC

Broker Ratings
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Mitchells & Butlers plc using EPIC/TICKER code (LON:MAB) had its stock rating noted as ‘Unchanged’ with the recommendation being set at ‘BUY’ this morning by analysts at HSBC. Mitchells & Butlers plc are listed in the Consumer Services sector within UK Main Market. HSBC have set their target price at 225 GBX on its stock. This would imply the analyst believes there is now a potential upside of 41.9% from the opening price of 158.6 GBX. Over the last 30 and 90 trading days the company share price has decreased 14.2 points and decreased 242.4 points respectively. The 1 year high for the stock price is 483 GBX while the 52 week low is 92.3 GBX.

Mitchells & Butlers plc has a 50 day moving average of 245.68 GBX and a 200 day moving average of 364.72. There are currently 429,201,117 shares in issue with the average daily volume traded being 1,282,189. Market capitalisation for LON:MAB is £731,358,677 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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