Mitchells & Butlers (LON:MAB) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Mitchells & Butlers plc (LON:MAB) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 263.13 and traded as low as GBX 233. Mitchells & Butlers shares last traded at GBX 238, with a volume of 39,395,160 shares changing hands.

Wall Street Analyst Weigh In

MAB has been the subject of several analyst reports. Jefferies Financial Group restated a “buy” rating and set a GBX 355 price target on shares of Mitchells & Butlers in a report on Thursday, May 21st. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,150 price objective on shares of Mitchells & Butlers in a research note on Monday, March 30th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 485.

Mitchells & Butlers Price Performance

The company has a market capitalization of £1.43 billion, a price-to-earnings ratio of 7.89, a P/E/G ratio of 2.76 and a beta of 1.29. The company has a debt-to-equity ratio of 47.97, a quick ratio of 0.46 and a current ratio of 0.48. The business has a 50 day moving average price of GBX 248.16 and a 200-day moving average price of GBX 262.72.

Mitchells & Butlers (LON:MAB) last released its earnings results on Thursday, May 21st. The company reported GBX 17.40 EPS for the quarter. The business had revenue of GBX 149 billion during the quarter. Mitchells & Butlers had a return on equity of 6.41% and a net margin of 6.70%. Research analysts predict that Mitchells & Butlers plc will post 26.6341463 EPS for the current fiscal year.

Insider Activity at Mitchells & Butlers

In related news, insider Amanda Brown acquired 30,000 shares of the stock in a transaction dated Tuesday, May 26th. The stock was bought at an average price of GBX 236 per share, for a total transaction of £70,800. Over the last three months, insiders have purchased 30,282 shares of company stock worth $7,148,891. Company insiders own 32.08% of the company’s stock.

Mitchells & Butlers Company Profile

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.