| Over a month ago | ||||
JPMorgan analyst Ted… JPMorgan analyst Ted Nyhan lowered the firm's price target on Mitchells & Butlers to 225 GBp from 276 GBp and keeps a Neutral rating on the shares. | ||||
Morgan Stanley analyst… Morgan Stanley analyst Jamie Rollo lowered the firm's price target on Mitchells & Butlers to 330 GBp from 370 GBp and keeps an Overweight rating on the shares. | ||||
Deutsche Bank analyst… Deutsche Bank analyst Harishankar Ramamoorthy initiated coverage of Mitchells & Butlers with a Buy rating and 270 GBp price target. The U.K. pubs have started to recover again, after two years of COVID, Ramamoorthy tells investors in a research note. However, there are increasing macro headwinds to consumer spend with inflation at 7% in March, says the analyst.. For pubs, cost pressures from wage, food and energy inflation mean profits would take longer to recover, notes Ramamoorthy. | ||||
| Over a quarter ago | ||||
Stifel analyst Mark… Stifel analyst Mark Irvine-Fortescue upgraded Mitchells & Butlers to Buy from Hold with a price target of 305 GBp, down from 310 GBp, as he calls the stock "oversold" following the 33% pullback from the May high seen when pubs reopened for indoor sales. While admitting there is more to worry about now than then, pub property values have held up relatively well, and the stock now seems "fundamentally undervalued" on either a net asset value or earnings basis, the analyst argues. | ||||
Stifel analyst Mark… Stifel analyst Mark Irvine-Fortescue upgraded Mitchells & Butlers to Buy from Hold with a 305 GBp price target. | ||||
JPMorgan analyst Ted… JPMorgan analyst Ted Nyhan lowered the firm's price target on Mitchells & Butlers to 276 GBp from 290 GBp and keeps a Neutral rating on the shares. | ||||
Peel Hunt analyst Douglas… Peel Hunt analyst Douglas Jack upgraded Mitchells & Butlers to Buy from Hold with a 335 GBp price target. | ||||
