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

Mitchells & Butlers plc (LON:MAB) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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

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

Mitchells & Butlers Stock Performance

The firm has a market capitalization of £1.50 billion, a P/E ratio of 8.27, a P/E/G ratio of 2.76 and a beta of 1.29. The company has a debt-to-equity ratio of 47.97, a current ratio of 0.48 and a quick ratio of 0.46. The firm has a 50-day moving average price of GBX 245.41 and a two-hundred day moving average price of GBX 262.32.

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

Insiders Place Their Bets

In other Mitchells & Butlers news, insider Amanda Brown acquired 30,000 shares of the stock in a transaction dated Tuesday, May 26th. The stock was purchased at an average price of GBX 236 per share, with a total value of £70,800. Insiders have purchased 30,282 shares of company stock valued at $7,148,891 in the last three months. 32.08% of the stock is owned by company insiders.

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.