Mitchells & Butlers (LON:MAB) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Mitchells & Butlers plc (LON:MAB) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 262.96 and traded as low as GBX 254.50. Mitchells & Butlers shares last traded at GBX 257.86, with a volume of 275,897 shares trading hands.

Analyst Ratings Changes

Several brokerages have weighed in on MAB. Berenberg Bank restated a “buy” rating and issued a GBX 1,150 target price on shares of Mitchells & Butlers in a research note on Monday, March 30th. Shore Capital Group restated a “buy” rating on shares of Mitchells & Butlers in a research note on Thursday, January 15th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 511.

Mitchells & Butlers Trading Up 0.2%

The company has a market capitalization of £1.53 billion, a price-to-earnings ratio of 8.76, 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 simple moving average is GBX 275.59 and its two-hundred day simple moving average is GBX 262.96.

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.