Mitchells & Butlers (LON:MAB) Share Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Mitchells & Butlers plc (LON:MAB) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 262.05 and traded as high as GBX 278. Mitchells & Butlers shares last traded at GBX 277, with a volume of 144,778 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MAB. Panmure Gordon restated a “buy” rating and issued a GBX 390 price objective on shares of Mitchells & Butlers in a report on Tuesday, December 2nd. Shore Capital reiterated a “buy” rating on shares of Mitchells & Butlers in a research report on Friday, November 28th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 340 price target on shares of Mitchells & Butlers in a report on Tuesday, December 2nd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 351.25.

Mitchells & Butlers Stock Up 0.7%

The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 63.56. The firm has a market capitalization of £1.64 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 2.76 and a beta of 1.71. The stock has a fifty day moving average of GBX 258.38 and a 200-day moving average of GBX 262.05.

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

Insider Transactions at Mitchells & Butlers

In other Mitchells & Butlers news, insider Phil Urban sold 57,217 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of GBX 256, for a total transaction of £146,475.52. Also, insider Timothy (Tim) Charles Jones sold 47,849 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of GBX 256, for a total transaction of £122,493.44. Over the last ninety days, insiders have acquired 219 shares of company stock valued at $55,263 and have sold 462,102 shares valued at $119,726,256. 32.16% of the stock is currently owned by corporate insiders.

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.