Mitchells & Butlers (LON:MAB) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Mitchells & Butlers plc (LON:MAB) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 261.58 and traded as high as GBX 268.50. Mitchells & Butlers shares last traded at GBX 263.18, with a volume of 460,790 shares traded.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Shore Capital restated a “buy” rating on shares of Mitchells & Butlers in a report on Thursday, January 15th. Panmure Gordon reissued a “buy” rating and set a GBX 390 target price on shares of Mitchells & Butlers in a research report on Tuesday, December 2nd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 340 price target on shares of Mitchells & Butlers in a research 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.com, Mitchells & Butlers has a consensus rating of “Moderate Buy” and an average target price of GBX 351.25.

Mitchells & Butlers Stock Up 0.1%

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 stock has a market capitalization of £1.58 billion, a PE ratio of 9.04, a P/E/G ratio of 2.76 and a beta of 1.71. The stock’s fifty day simple moving average is GBX 262.41 and its 200-day simple moving average is GBX 261.58.

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

Insider Activity at Mitchells & Butlers

In other news, insider Phil Urban sold 194,357 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of GBX 260, for a total transaction of £505,328.20. Also, insider Timothy (Tim) Charles Jones sold 162,679 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of GBX 260, for a total transaction of £422,965.40. Over the last ninety days, insiders bought 219 shares of company stock valued at $55,263 and sold 462,102 shares valued at $119,726,256. Corporate insiders own 32.16% of the company’s stock.

Mitchells & Butlers Company Profile

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.