Mitchells & Butlers (LON:MAB) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Mitchells & Butlers plc (LON:MAB)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 263.14 and traded as high as GBX 274. Mitchells & Butlers shares last traded at GBX 270, with a volume of 78,021 shares traded.

Analyst Upgrades and Downgrades

MAB has been the subject of a number of analyst reports. Shore Capital Group reissued a “buy” rating on shares of Mitchells & Butlers in a research note on Thursday, January 15th. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 390 target price on shares of Mitchells & Butlers in a research note on Tuesday, December 2nd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, Mitchells & Butlers has an average rating of “Moderate Buy” and a consensus target price of GBX 351.25.

Mitchells & Butlers Trading Down 0.4%

The firm has a market cap of £1.60 billion, a PE ratio of 9.15, a P/E/G ratio of 2.76 and a beta of 1.34. The company has a quick ratio of 0.46, a current ratio of 0.47 and a debt-to-equity ratio of 53.55. The company’s 50 day moving average price is GBX 279.21 and its two-hundred day moving average price is GBX 263.14.

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.