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Mitchells & Butlers ( (GB:MAB) ) has provided an announcement.
Mitchells & Butlers reported a robust performance in their third quarter trading update, with like-for-like sales growth reaching 4.5% for the year to date, bolstered by favorable weather conditions and strategic investments. The company has completed 150 conversions and remodels, opened new sites, and successfully refinanced its debt facility, positioning itself to meet industry challenges and continue its growth trajectory, aiming for results at the top end of market expectations.
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 prominent operator in the hospitality industry, managing a diverse portfolio of restaurants and pubs under various brands such as Harvester, Toby Carvery, and All Bar One. The company also operates Innkeeper’s Collection hotels in the UK and Alex restaurants and bars in Germany, focusing on providing a wide range of dining and accommodation options.
Average Trading Volume: 315,445
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.71B
Find detailed analytics on MAB stock on TipRanks’ Stock Analysis page.