Mitchells & Butlers (LON:MAB) Sets New 52-Week Low – Time to Sell?

Shares of Mitchells & Butlers plc (LON:MAB) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 230 and last traded at GBX 230.90, with a volume of 203901 shares changing hands. The stock had previously closed at GBX 252.50.

Wall Street Analysts Forecast Growth

MAB has been the topic of a number of recent analyst reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 355 price target on shares of Mitchells & Butlers in a research report on Thursday. Berenberg Bank reissued a “buy” rating and set a GBX 1,150 price target on shares of Mitchells & Butlers in a research report on Monday, March 30th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Mitchells & Butlers presently has an average rating of “Moderate Buy” and a consensus price target of GBX 485.

Mitchells & Butlers Trading Down 1.7%

The business’s 50-day moving average price is GBX 259.41 and its two-hundred day moving average price is GBX 264.85. The company has a market capitalization of £1.37 billion, a P/E ratio of 7.83, a PEG ratio of 2.76 and a beta of 1.30. The company has a debt-to-equity ratio of 19.70, a current ratio of 0.48 and a quick ratio of 0.46.

Mitchells & Butlers (LON:MAB) last announced its quarterly earnings results on Thursday, May 21st. The company reported GBX 17.40 earnings per share for the quarter. The company had revenue of GBX 149 billion for the quarter. Mitchells & Butlers had a net margin of 6.70% and a return on equity of 6.41%. As a group, analysts forecast that Mitchells & Butlers plc will post 26.6341463 EPS for the current fiscal year.

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.