Mitchells & Butlers (LON:MAB) Trading Up 7.2% – Time to Buy?

Mitchells & Butlers plc (LON:MAB)’s stock price traded up 7.2% on Friday . The stock traded as high as GBX 279.50 and last traded at GBX 274.50. 242,913 shares traded hands during trading, a decline of 60% from the average session volume of 600,311 shares. The stock had previously closed at GBX 256.

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “buy” rating on shares of Mitchells & Butlers in a report on Thursday, September 25th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 337.50.

Mitchells & Butlers Stock Up 10.5%

The firm’s 50-day simple moving average is GBX 247.37 and its 200-day simple moving average is GBX 265.73. The company has a debt-to-equity ratio of 63.56, a quick ratio of 0.46 and a current ratio of 0.46. The company has a market capitalization of £1.68 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 2.76 and a beta of 1.71.

Mitchells & Butlers (LON:MAB) last released its earnings results on Friday, November 28th. The company reported GBX 30.90 earnings per share for the quarter. Mitchells & Butlers had a net margin of 1.72% and a return on equity of 1.89%. Sell-side analysts forecast that Mitchells & Butlers plc will post 26.6341463 earnings per share for the current year.

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.