Mitchells & Butlers (LON:MAB) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

Mitchells & Butlers plc (LON:MAB) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 262.37 and traded as low as GBX 243.34. Mitchells & Butlers shares last traded at GBX 244, with a volume of 444,330 shares traded.

Analysts Set New Price Targets

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

Mitchells & Butlers Stock Down 0.4%

The company has a quick ratio of 0.46, a current ratio of 0.48 and a debt-to-equity ratio of 47.97. The stock has a fifty day moving average price of GBX 245.89 and a two-hundred day moving average price of GBX 262.37. The company has a market cap of £1.45 billion, a price-to-earnings ratio of 7.97, a P/E/G ratio of 2.76 and a beta of 1.29.

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

Insider Transactions at Mitchells & Butlers

In other news, insider Amanda Brown bought 30,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were purchased at an average cost of GBX 236 per share, with a total value of £70,800. Insiders have bought 30,282 shares of company stock worth $7,148,891 in the last 90 days. Corporate insiders own 32.08% of the company’s stock.

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.