Mitchells & Butlers (LON:MAB) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Mitchells & Butlers plc (LON:MAB) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 259.85 and traded as high as GBX 273. Mitchells & Butlers shares last traded at GBX 272.50, with a volume of 110,264 shares traded.

Analyst Ratings Changes

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

Mitchells & Butlers Stock Up 0.6%

The firm’s fifty day simple moving average is GBX 265.99 and its 200-day simple moving average is GBX 259.85. The company has a market cap of £1.62 billion, a PE ratio of 9.24, a P/E/G ratio of 2.76 and a beta of 1.71. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 63.56.

Mitchells & Butlers (LON:MAB) last issued its quarterly earnings data 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%. As a group, equities research analysts expect that Mitchells & Butlers plc will post 26.6341463 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Phil Urban sold 57,217 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of GBX 256, for a total value of £146,475.52. Also, insider Timothy (Tim) Charles Jones sold 47,849 shares of the company’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. In the last ninety days, insiders have purchased 210 shares of company stock worth $55,176 and have sold 462,102 shares worth $119,726,256. 32.27% of the stock is owned by company insiders.

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.