Mitchells & Butlers plc (LON:MAB – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 256.58 ($3.25) and traded as high as GBX 289.75 ($3.66). Mitchells & Butlers shares last traded at GBX 287 ($3.63), with a volume of 203,248 shares trading hands.
Analysts Set New Price Targets
A number of research firms have issued reports on MAB. Shore Capital restated a “buy” rating on shares of Mitchells & Butlers in a report on Wednesday, May 22nd. JPMorgan Chase & Co. upped their target price on shares of Mitchells & Butlers from GBX 290 ($3.67) to GBX 340 ($4.30) and gave the company a “neutral” rating in a report on Thursday, May 23rd.
Mitchells & Butlers Stock Performance
About Mitchells & Butlers
Mitchells & Butlers plc engages in the management of pubs, bars, and restaurants in the United Kingdom and Germany. The company operates its pubs and restaurants under the Alex, All Bar One, Browns, Castle, EGO, Ember Inns, Harvester, High Street, Innkeeper's Lodge, Miller & Carter, Nicholson's, O'Neill's, Premium Country Pubs, Sizzling Pubs, Suburban, Stonehouse Pizza & Carvery, Toby Carvery, and Vintage Inns brands and formats.
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