Mitchells & Butlers (LON:MAB) Stock Passes Above Two Hundred Day Moving Average of $239.77

Mitchells & Butlers plc (LON:MAB)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 239.77 ($3.01) and traded as high as GBX 249 ($3.13). Mitchells & Butlers shares last traded at GBX 248.50 ($3.12), with a volume of 108,682 shares.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MAB shares. Jefferies Financial Group lifted their price objective on Mitchells & Butlers from GBX 270 ($3.39) to GBX 325 ($4.08) and gave the company a “buy” rating in a report on Tuesday, February 20th. Shore Capital raised shares of Mitchells & Butlers to a “buy” rating in a report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 295 ($3.71).

Mitchells & Butlers Price Performance

The stock has a fifty day moving average of GBX 234.45 and a 200-day moving average of GBX 239.77. The company has a quick ratio of 0.46, a current ratio of 0.41 and a debt-to-equity ratio of 84.51. The firm has a market capitalization of £1.48 billion, a P/E ratio of -25,000.00, a PEG ratio of 2.76 and a beta of 1.57.

Mitchells & Butlers Company Profile

Mitchells & Butlers plc engages in the management of pubs, bars, and restaurants in the United Kingdom and Germany. The company operates its pubs and restaurants under the Alex, All Bar One, Browns, Castle, EGO, Ember Inns, Harvester, High Street, Innkeeper's Lodge, Miller & Carter, Nicholson's, O'Neill's, Premium Country Pubs, Sizzling Pubs, Suburban, Stonehouse Pizza & Carvery, Toby Carvery, and Vintage Inns brands and formats.