Mitchells & Butlers plc 50% 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 ‘Upgrades’ 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 a target price of 270 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 50.0% from today’s opening price of 180 GBX. Over the last 30 and 90 trading days the company share price has decreased 156.5 points and decreased 274 points respectively. The 52 week high for the stock is 483 GBX while the year low share price is currently 92.3 GBX.

Mitchells & Butlers plc has a 50 day moving average of 332.03 GBX and the 200 Day Moving Average price is recorded at 373.68. There are currently 429,201,117 shares in issue with the average daily volume traded being 932,142. Market capitalisation for LON:MAB is £796,597,299 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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