Mitchells & Butlers (LON:MAB) Shares Pass Above 200 Day Moving Average – Should You Sell?

Mitchells & Butlers plc (LON:MAB)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 263.61 and traded as high as GBX 268. Mitchells & Butlers shares last traded at GBX 262, with a volume of 76,225 shares traded.

Analyst Ratings Changes

A number of brokerages recently weighed in on MAB. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 340 price target on shares of Mitchells & Butlers in a research report on Tuesday, December 2nd. Shore Capital reaffirmed a “buy” rating on shares of Mitchells & Butlers in a research note on Friday, November 28th. Finally, Panmure Gordon reiterated a “buy” rating and issued a GBX 390 target price on shares of Mitchells & Butlers in a report on Tuesday, December 2nd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mitchells & Butlers currently has an average rating of “Moderate Buy” and an average target price of GBX 351.25.

Mitchells & Butlers Price Performance

The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 63.56. The company has a fifty day moving average price of GBX 252.66 and a two-hundred day moving average price of GBX 263.61. The firm has a market cap of £1.56 billion, a P/E ratio of 8.90, a PEG ratio of 2.76 and a beta of 1.71.

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

Insiders Place Their Bets

In related news, insider Timothy (Tim) Charles Jones sold 47,849 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of GBX 256, for a total transaction of £122,493.44. Also, insider Phil Urban sold 57,217 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of GBX 256, for a total transaction of £146,475.52. Over the last 90 days, insiders have purchased 275 shares of company stock worth $69,007 and have sold 462,102 shares worth $119,726,256. Company 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.