Insider Buying: Mitchells & Butlers plc (MAB) Insider Buys 1,597 Shares of Stock

Mitchells & Butlers plc (LON:MAB) insider Phil Urban purchased 1,597 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was acquired at an average price of GBX 237 ($3.32) per share, for a total transaction of £3,784.89 ($5,306.91).

Phil Urban also recently made the following trade(s):

  • On Monday, December 11th, Phil Urban acquired 23,036 shares of Mitchells & Butlers stock. The stock was purchased at an average cost of GBX 258 ($3.62) per share, with a total value of £59,432.88 ($83,332.70).

Shares of Mitchells & Butlers plc (MAB) traded down GBX 13 ($0.18) during mid-day trading on Wednesday, reaching GBX 235 ($3.30). The company had a trading volume of 448,487 shares, compared to its average volume of 278,834. Mitchells & Butlers plc has a 1-year low of GBX 219.90 ($3.08) and a 1-year high of GBX 284.80 ($3.99). The company has a market cap of $999.97 and a price-to-earnings ratio of 1,566.67.

The firm also recently disclosed a dividend, which was paid on Tuesday, February 6th. Investors of record on Thursday, December 14th were issued a GBX 5 ($0.07) dividend. This represents a yield of 1.99%. This is a positive change from Mitchells & Butlers’s previous dividend of $2.50. The ex-dividend date of this dividend was Thursday, December 14th.

MAB has been the subject of several research analyst reports. Liberum Capital reissued a “sell” rating and issued a GBX 210 ($2.94) price objective on shares of Mitchells & Butlers in a report on Tuesday, November 21st. Peel Hunt upped their target price on Mitchells & Butlers from GBX 260 ($3.65) to GBX 300 ($4.21) and gave the company an “add” rating in a report on Wednesday, October 25th. Deutsche Bank reaffirmed a “hold” rating and set a GBX 245 ($3.44) target price on shares of Mitchells & Butlers in a report on Tuesday, November 21st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 270 ($3.79) target price on shares of Mitchells & Butlers in a report on Monday, January 15th. Finally, Numis Securities reaffirmed a “hold” rating and set a GBX 255 ($3.58) target price on shares of Mitchells & Butlers in a report on Thursday, November 23rd. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 257.50 ($3.61).

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Mitchells & Butlers Company Profile

Mitchells & Butlers plc is an operator of managed restaurants and pubs. The Company’s portfolio of brands and formats includes Harvester, Toby Carvery, All Bar One, Miller & Carter, Premium Country Pubs, Sizzling Pubs, Crown Carveries, Stonehouse, Vintage Inns, Browns, Castle, Nicholson’s, O’Neill’s and Ember Inns.

Insider Buying and Selling by Quarter for Mitchells & Butlers (LON:MAB)

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