Mitchells & Butlers (LON:MAB) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Mitchells & Butlers plc (LON:MAB) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 263.13 and traded as low as GBX 233. Mitchells & Butlers shares last traded at GBX 238, with a volume of 39,395,160 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Jefferies Financial Group reissued a “buy” rating and set a GBX 355 price objective on shares of Mitchells & Butlers in a report on Thursday, May 21st. Berenberg Bank restated a “buy” rating and issued a GBX 1,150 target price on shares of Mitchells & Butlers in a report on Monday, March 30th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Mitchells & Butlers currently has a consensus rating of “Moderate Buy” and an average price target of GBX 485.

Mitchells & Butlers Price Performance

The company has a current ratio of 0.48, a quick ratio of 0.46 and a debt-to-equity ratio of 47.97. The stock has a market capitalization of £1.41 billion, a PE ratio of 7.78, a P/E/G ratio of 2.76 and a beta of 1.29. The stock’s fifty day simple moving average is GBX 249.24 and its 200-day simple moving average is GBX 263.13.

Mitchells & Butlers (LON:MAB) last announced its earnings results on Thursday, May 21st. The company reported GBX 17.40 EPS for the quarter. Mitchells & Butlers had a net margin of 6.70% and a return on equity of 6.41%. The company had revenue of GBX 149 billion during the quarter. As a group, sell-side analysts forecast that Mitchells & Butlers plc will post 26.6341463 EPS for the current fiscal year.

Insider Transactions at Mitchells & Butlers

In other news, insider Amanda Brown acquired 30,000 shares of Mitchells & Butlers stock in a transaction on Tuesday, May 26th. The stock was acquired at an average cost of GBX 236 per share, with a total value of £70,800. Over the last ninety days, insiders have bought 30,167 shares of company stock valued at $7,121,406. Corporate insiders own 32.08% 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.