Mitchells & Butlers plc 8.7% Potential Upside Indicated by HSBC

Broker Ratings
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Mitchells & Butlers plc with EPIC/TICKER (LON:MAB) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today 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 350 GBX on its stock. This would imply the analyst believes there is now a potential upside of 8.7% from the opening price of 322 GBX. Over the last 30 and 90 trading days the company share price has increased 34 points and increased 85.5 points respectively. The 52 week high share price is 322 GBX while the 52 week low is 236.5 GBX.

Mitchells & Butlers plc has a 50 day moving average of 297.48 GBX and a 200 Day Moving Average share price is recorded at 279.11. There are currently 428,575,395 shares in issue with the average daily volume traded being 382,153. Market capitalisation for LON:MAB is £1,350,012,494 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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