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Mitchells & Butlers ( (GB:MAB) ) has issued an update.
Mitchells & Butlers reported strong sales growth in its third quarter trading update, with a year-to-date like-for-like sales increase of 4.5%, driven by favorable weather and holiday periods. The company has completed significant investments in site remodels and energy efficiency initiatives, successfully refinanced its debt facility, and remains optimistic about meeting cost challenges and achieving high-end consensus expectations for the year.
The most recent analyst rating on (GB:MAB) stock is a Hold with a £3.20 price target. To see the full list of analyst forecasts on Mitchells & Butlers stock, see the GB:MAB Stock Forecast page.
Spark’s Take on GB:MAB Stock
According to Spark, TipRanks’ AI Analyst, GB:MAB is a Outperform.
Mitchells & Butlers’ strong financial performance and positive technical indicators are the main drivers of its overall score. While the presence of significant debt is a concern, the company’s robust revenue growth and insider confidence through share acquisitions support a positive outlook.
To see Spark’s full report on GB:MAB stock, click here.
More about Mitchells & Butlers
Mitchells & Butlers is a leading operator of managed restaurants and pubs, with a diverse portfolio of brands including Harvester, Toby Carvery, and All Bar One, among others. The company also operates Innkeeper’s Collection hotels in the UK and Alex restaurants and bars in Germany.
Average Trading Volume: 315,445
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.71B
See more data about MAB stock on TipRanks’ Stock Analysis page.