Mitchells & Butlers (LON:MAB) Shares Cross Below 200 Day Moving Average – What’s Next?

Mitchells & Butlers plc (LON:MAB)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 262.27 and traded as low as GBX 260.50. Mitchells & Butlers shares last traded at GBX 265, with a volume of 989,826 shares traded.

Analysts Set New Price Targets

Several research firms recently weighed in on MAB. Jefferies Financial Group restated a “buy” rating and issued a GBX 355 target price on shares of Mitchells & Butlers in a report on Thursday, May 21st. Berenberg Bank reissued a “buy” rating and issued a GBX 1,150 price target on shares of Mitchells & Butlers in a research report on Monday, March 30th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 485.

Mitchells & Butlers Price Performance

The company has a market cap of £1.59 billion, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 2.76 and a beta of 1.28. The company has a fifty day moving average price of GBX 246.03 and a two-hundred day moving average price of GBX 262.30. The company has a current ratio of 0.48, a quick ratio of 0.46 and a debt-to-equity ratio of 47.97.

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

Insider Buying and Selling at Mitchells & Butlers

In other Mitchells & Butlers news, insider Amanda Brown bought 30,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average price of GBX 236 per share, with a total value of £70,800. In the last quarter, insiders have bought 30,282 shares of company stock worth $7,148,891. 32.08% of the stock is currently owned by insiders.

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.