Mitchells & Butlers (LON:MAB) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Mitchells & Butlers plc (LON:MAB) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 261.58 and traded as high as GBX 268.50. Mitchells & Butlers shares last traded at GBX 263.18, with a volume of 460,790 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MAB shares. Panmure Gordon reiterated a “buy” rating and set a GBX 390 target price on shares of Mitchells & Butlers in a research note on Tuesday, December 2nd. Shore Capital reaffirmed a “buy” rating on shares of Mitchells & Butlers in a research report on Thursday, January 15th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 340 target price on shares of Mitchells & Butlers in a research report on Tuesday, December 2nd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 351.25.

Mitchells & Butlers Trading Up 0.6%

The company has a debt-to-equity ratio of 63.56, a current ratio of 0.46 and a quick ratio of 0.46. The business’s 50 day simple moving average is GBX 262.93 and its 200 day simple moving average is GBX 261.47. The stock has a market cap of £1.59 billion, a P/E ratio of 9.08, a PEG ratio of 2.76 and a beta of 1.71.

Mitchells & Butlers (LON:MAB) last announced its quarterly earnings results on Friday, November 28th. The company reported GBX 30.90 EPS for the quarter. Mitchells & Butlers had a return on equity of 1.89% and a net margin of 1.72%. On average, analysts expect that Mitchells & Butlers plc will post 26.6341463 earnings per share for the current fiscal year.

Insider Transactions at Mitchells & Butlers

In related news, insider Timothy (Tim) Charles Jones sold 162,679 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of GBX 260, for a total value of £422,965.40. Also, insider Phil Urban sold 194,357 shares of Mitchells & Butlers stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of GBX 260, for a total value of £505,328.20. Over the last ninety days, insiders acquired 219 shares of company stock valued at $55,263 and sold 462,102 shares valued at $119,726,256. Insiders own 32.16% of the company’s stock.

About Mitchells & Butlers

Mitchells & Butlers is a leading operator of managed restaurants and pubs in the UK. It listed on the London Stock Exchange in April 2003 and is a member of the FTSE 250. Its restaurants and pubs have some of the highest average sales and profits per site in the industry and it operates the best portfolio of brands in the UK.