Mitchells & Butlers (LON:MAB) Hits New 12-Month High at $314.01

Mitchells & Butlers plc (LON:MABGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 314.01 ($4.01) and last traded at GBX 313.49 ($4.00), with a volume of 123301 shares. The stock had previously closed at GBX 308 ($3.93).

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Mitchells & Butlers from GBX 290 ($3.70) to GBX 340 ($4.34) and gave the stock a “neutral” rating in a research report on Thursday, May 23rd. Jefferies Financial Group raised their price objective on shares of Mitchells & Butlers from GBX 270 ($3.45) to GBX 325 ($4.15) and gave the company a “buy” rating in a report on Tuesday, February 20th. Finally, Shore Capital reissued a “buy” rating on shares of Mitchells & Butlers in a report on Wednesday, May 22nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Mitchells & Butlers presently has an average rating of “Moderate Buy” and an average price target of GBX 307.50 ($3.93).

Check Out Our Latest Stock Analysis on MAB

Mitchells & Butlers Stock Up 1.9 %

The stock has a 50-day moving average price of GBX 248.86 and a 200-day moving average price of GBX 247.16. The company has a market capitalization of £1.86 billion, a P/E ratio of 4,400.00, a P/E/G ratio of 2.76 and a beta of 1.54. The company has a debt-to-equity ratio of 78.60, a current ratio of 0.47 and a quick ratio of 0.46.

Mitchells & Butlers Company Profile

(Get Free Report)

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.

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