Mitchells & Butlers plc 5% Potential Decrease Indicated by HSBC

Broker Ratings
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Mitchells & Butlers plc with EPIC/TICKER (LON:MAB) had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘HOLD’ today 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 435 GBX on its stock. This would indicate that the analyst believes there is a downside of -5.0% from the opening price of 458 GBX. Over the last 30 and 90 trading days the company share price has increased 4 points and increased 86.5 points respectively. The 1 year high stock price is 483 GBX while the 52 week low is 236.5 GBX.

Mitchells & Butlers plc has a 50 day moving average of 437.61 GBX and the 200 Day Moving Average price is recorded at 337.61. There are currently 429,174,098 shares in issue with the average daily volume traded being 421,442. Market capitalisation for LON:MAB is £1,873,344,937 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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