Mitchells & Butlers (LON:MAB) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Shares of Mitchells & Butlers plc (LON:MAB) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 257.66 ($3.48) and traded as high as GBX 258 ($3.48). Mitchells & Butlers shares last traded at GBX 258 ($3.48), with a volume of 191,924 shares traded.

Analyst Ratings Changes

A number of analysts have recently weighed in on MAB shares. Peel Hunt reissued a “buy” rating and set a GBX 375 price target on shares of Mitchells & Butlers in a research report on Friday, July 25th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Mitchells & Butlers from GBX 280 to GBX 300 and gave the stock a “hold” rating in a research report on Friday, July 25th. Finally, Shore Capital reissued a “buy” rating on shares of Mitchells & Butlers in a research report on Friday, July 25th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 337.50.

Mitchells & Butlers Price Performance

The company has a 50 day moving average of GBX 274.15 and a 200-day moving average of GBX 257.66. The stock has a market capitalization of £1.53 billion, a P/E ratio of 921.43, a PEG ratio of 2.76 and a beta of 1.71. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 63.56.

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.