Mitchells & Butlers (LON:MAB) Shares Pass Above 200 Day Moving Average of $236.03

Mitchells & Butlers plc (LON:MAB) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 236.03 ($2.99) and traded as high as GBX 236.50 ($2.99). Mitchells & Butlers shares last traded at GBX 231.50 ($2.93), with a volume of 155,813 shares traded.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MAB. Jefferies Financial Group increased their price target on shares of Mitchells & Butlers from GBX 270 ($3.42) to GBX 325 ($4.11) and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Shore Capital raised shares of Mitchells & Butlers to a “buy” rating in a research report on Thursday, February 22nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 295 ($3.73).

Mitchells & Butlers Price Performance

The company has a debt-to-equity ratio of 84.51, a current ratio of 0.41 and a quick ratio of 0.46. The stock’s 50 day simple moving average is GBX 237.08 and its two-hundred day simple moving average is GBX 236.03. The stock has a market cap of £1.38 billion, a price-to-earnings ratio of -23,150.00, a P/E/G ratio of 2.76 and a beta of 1.57.

About Mitchells & Butlers

Mitchells & Butlers plc engages in the management of pubs, bars, and restaurants in the United Kingdom and Germany. The company operates its pubs and restaurants under the Alex, All Bar One, Browns, Castle, EGO, Ember Inns, Harvester, High Street, Innkeeper's Lodge, Miller & Carter, Nicholson's, O'Neill's, Premium Country Pubs, Sizzling Pubs, Suburban, Stonehouse Pizza & Carvery, Toby Carvery, and Vintage Inns brands and formats.