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

Mitchells & Butlers plc (LON:MAB) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Analysts Set New Price Targets

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

Mitchells & Butlers Stock Performance

The firm has a market capitalization of £1.48 billion, a PE ratio of -25,000.00, a PEG ratio of 2.76 and a beta of 1.57. 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 company has a 50-day moving average of GBX 234.45 and a 200 day moving average of GBX 239.77.

About Mitchells & Butlers

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.