Mitchells & Butlers (LON:MAB) Share Price Crosses Above 200 Day Moving Average of $241.69

Mitchells & Butlers plc (LON:MAB)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 241.69 ($3.04) and traded as high as GBX 260.50 ($3.27). Mitchells & Butlers shares last traded at GBX 260.50 ($3.27), with a volume of 148,130 shares traded.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MAB. Shore Capital upgraded Mitchells & Butlers to a “buy” rating in a report on Thursday, February 22nd. Jefferies Financial Group upped their target price on Mitchells & Butlers from GBX 270 ($3.39) to GBX 325 ($4.08) and gave the company a “buy” rating in a report on Tuesday, February 20th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Mitchells & Butlers has a consensus rating of “Moderate Buy” and a consensus target price of GBX 295 ($3.71).

Mitchells & Butlers Price Performance

The stock’s fifty day moving average price is GBX 236.65 and its 200-day moving average price is GBX 241.69. The firm has a market cap of £1.54 billion, a price-to-earnings ratio of -26,050.00, a P/E/G ratio of 2.76 and a beta of 1.57. The company has a current ratio of 0.41, a quick ratio of 0.46 and a debt-to-equity ratio of 84.51.

Mitchells & Butlers Company Profile

Mitchells & Butlers plc engages in the management of pubs, bars, and restaurants in the United Kingdom and Germany. The company operates its pubs and restaurants under the Alex, All Bar One, Browns, Castle, EGO, Ember Inns, Harvester, High Street, Innkeeper's Lodge, Miller & Carter, Nicholson's, O'Neill's, Premium Country Pubs, Sizzling Pubs, Suburban, Stonehouse Pizza & Carvery, Toby Carvery, and Vintage Inns brands and formats.