Mitchells & Butlers (LON:MAB) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Mitchells & Butlers plc (LON:MAB) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 238.77 ($3.16) and traded as high as GBX 247.50 ($3.28). Mitchells & Butlers shares last traded at GBX 243 ($3.22), with a volume of 222,937 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “buy” rating on shares of Mitchells & Butlers in a research report on Friday, March 7th.

Mitchells & Butlers Stock Performance

The stock’s 50 day moving average is GBX 224.47 and its two-hundred day moving average is GBX 238.77. The firm has a market capitalization of £1.44 billion, a P/E ratio of 32.18, a P/E/G ratio of 2.76 and a beta of 1.71. The company has a debt-to-equity ratio of 63.56, a current ratio of 0.46 and a quick ratio of 0.46.

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.