M&B’s pre-close trading performance for the 51 weeks ended 21 September 2019 was ahead of our estimates. The momentum has carried forward in the new financial year, a positive sign for investors’ sentiment. Despite our optimism on top-line growth, we believe the momentum is likely to moderate gradually. We will increase the financial estimates and target price slightly.
30 Sep 2019
Decent closure to FY18/19
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Decent closure to FY18/19
Mitchells & Butlers plc (MAB:LON) | 225 4.9 1.0% | Mkt Cap: 1,344m
- Published:
30 Sep 2019 -
Author:
Nishant Choudhary -
Pages:
3
M&B’s pre-close trading performance for the 51 weeks ended 21 September 2019 was ahead of our estimates. The momentum has carried forward in the new financial year, a positive sign for investors’ sentiment. Despite our optimism on top-line growth, we believe the momentum is likely to moderate gradually. We will increase the financial estimates and target price slightly.