Mitchells & Butlers (LON:MAB) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Mitchells & Butlers plc (LON:MAB) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 264.44 and traded as high as GBX 288. Mitchells & Butlers shares last traded at GBX 280, with a volume of 748,337 shares changing hands.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 355 target price on shares of Mitchells & Butlers in a research note on Thursday, May 21st. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 558.75.

Mitchells & Butlers Price Performance

The stock’s fifty day moving average price is GBX 271.31 and its 200-day moving average price is GBX 264.36. The company has a debt-to-equity ratio of 47.97, a quick ratio of 0.46 and a current ratio of 0.48. The firm has a market cap of £1.64 billion, a PE ratio of 9.02, a P/E/G ratio of 2.76 and a beta of 1.29.

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.