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 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 260.72 and traded as high as GBX 267. Mitchells & Butlers shares last traded at GBX 263.50, with a volume of 695,661 shares.

Wall Street Analyst Weigh In

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

Mitchells & Butlers Price Performance

The company has a debt-to-equity ratio of 63.56, a quick ratio of 0.46 and a current ratio of 0.46. The firm has a market capitalization of £1.56 billion, a P/E ratio of 8.93, a price-to-earnings-growth ratio of 2.76 and a beta of 1.71. The business has a fifty day moving average of GBX 265.21 and a 200-day moving average of GBX 260.72.

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

Insider Activity

In other Mitchells & Butlers news, insider Timothy (Tim) Charles Jones sold 47,849 shares of the firm’s stock in a transaction dated 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 that occurred on Friday, December 12th. The stock was sold at an average price of GBX 256, for a total transaction of £146,475.52. In the last ninety days, insiders purchased 219 shares of company stock valued at $55,263 and sold 462,102 shares valued at $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.