Mitchells & Butlers (LON:MAB) Share Price Passes Above 200 Day Moving Average – Here’s Why

Mitchells & Butlers plc (LON:MAB)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 261.58 and traded as high as GBX 268.50. Mitchells & Butlers shares last traded at GBX 263.18, with a volume of 460,790 shares changing hands.

Wall Street Analyst Weigh In

MAB has been the subject of a number of research reports. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 340 target price on shares of Mitchells & Butlers in a research report on Tuesday, December 2nd. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 390 price objective on shares of Mitchells & Butlers in a report on Tuesday, December 2nd. Finally, Shore Capital reiterated a “buy” rating on shares of Mitchells & Butlers in a research note on Thursday, January 15th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 351.25.

Mitchells & Butlers Stock Performance

The business’s fifty day moving average price is GBX 262.41 and its 200-day moving average price is GBX 261.58. The company has a debt-to-equity ratio of 63.56, a current ratio of 0.46 and a quick ratio of 0.46. The stock has a market capitalization of £1.58 billion, a PE ratio of 9.04, a P/E/G ratio of 2.76 and a beta of 1.71.

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

Insider Buying and Selling at Mitchells & Butlers

In related news, insider Timothy (Tim) Charles Jones sold 162,679 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 transaction of £422,965.40. Also, insider Phil Urban sold 194,357 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 £505,328.20. In the last ninety days, insiders bought 219 shares of company stock worth $55,263 and sold 462,102 shares worth $119,726,256. Corporate insiders own 32.16% 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.