Mitchells & Butlers (LON:MAB) Shares Pass Above 200-Day Moving Average – Should You Sell?

Mitchells & Butlers plc (LON:MAB)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 260.72 and traded as high as GBX 267. Mitchells & Butlers shares last traded at GBX 263.50, with a volume of 695,661 shares traded.

Wall Street Analysts Forecast Growth

MAB has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 340 price objective on shares of Mitchells & Butlers in a research note on Tuesday, December 2nd. Shore Capital reaffirmed a “buy” rating on shares of Mitchells & Butlers in a research report on Thursday, January 15th. Finally, Panmure Gordon reiterated a “buy” rating and set a GBX 390 target price on shares of Mitchells & Butlers in a research note on Tuesday, December 2nd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Mitchells & Butlers has a consensus rating of “Moderate Buy” and a consensus price target of GBX 351.25.

Mitchells & Butlers Trading Down 0.2%

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 company has a market cap of £1.56 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 2.76 and a beta of 1.71. The firm has a 50-day moving average price of GBX 265.21 and a 200 day moving average price of GBX 260.72.

Mitchells & Butlers (LON:MAB) last announced its quarterly earnings data on Friday, November 28th. The company reported GBX 30.90 earnings per share (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 forecast that Mitchells & Butlers plc will post 26.6341463 EPS for the current year.

Insider Transactions at Mitchells & Butlers

In other news, insider Timothy (Tim) Charles Jones sold 162,679 shares of Mitchells & Butlers stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of GBX 260, for a total value of £422,965.40. Also, insider Phil Urban sold 194,357 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of GBX 260, for a total transaction of £505,328.20. Over the last 90 days, insiders bought 219 shares of company stock worth $55,263 and sold 462,102 shares worth $119,726,256. Company insiders own 32.16% of the company’s stock.

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.