Mitchells & Butlers (LON:MAB) Share Price Passes Above 200 Day Moving Average – What’s Next?

Mitchells & Butlers plc (LON:MAB)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 262.05 and traded as high as GBX 278. Mitchells & Butlers shares last traded at GBX 277, with a volume of 144,778 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Shore Capital reissued a “buy” rating on shares of Mitchells & Butlers in a research note on Friday, November 28th. Panmure Gordon reiterated a “buy” rating and set a GBX 390 price objective on shares of Mitchells & Butlers in a report on Tuesday, December 2nd. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 340 price objective on shares of Mitchells & Butlers in a research report on Tuesday, December 2nd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 351.25.

Mitchells & Butlers Stock Performance

The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 63.56. The stock has a market cap of £1.64 billion, a P/E ratio of 9.39, a price-to-earnings-growth ratio of 2.76 and a beta of 1.71. The firm’s 50-day moving average is GBX 258.38 and its two-hundred day moving average is GBX 262.05.

Mitchells & Butlers (LON:MAB) last posted 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%. As a group, research analysts expect that Mitchells & Butlers plc will post 26.6341463 EPS for the current year.

Insider Buying and Selling at Mitchells & Butlers

In other Mitchells & Butlers news, insider Phil Urban sold 194,357 shares of the business’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 £505,328.20. Also, insider Timothy (Tim) Charles Jones sold 162,679 shares of the company’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. Over the last three months, insiders have acquired 219 shares of company stock worth $55,263 and have sold 462,102 shares worth $119,726,256. Corporate 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.