Mitchells & Butlers (LON:MAB) Stock Passes Above 200-Day Moving Average – What’s Next?

Mitchells & Butlers plc (LON:MAB) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 261.58 and traded as high as GBX 300.50. Mitchells & Butlers shares last traded at GBX 299.49, with a volume of 1,177,135 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MAB shares. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 340 target price on shares of Mitchells & Butlers in a report on Tuesday, December 2nd. Shore Capital Group reissued a “buy” rating on shares of Mitchells & Butlers in a research report on Thursday, January 15th. Finally, Panmure Gordon reissued a “buy” rating and set a GBX 390 price objective on shares of Mitchells & Butlers in a research note on Tuesday, December 2nd. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Mitchells & Butlers has a consensus rating of “Moderate Buy” and an average price target of GBX 351.25.

Mitchells & Butlers Stock Up 0.5%

The firm has a fifty day simple moving average of GBX 274.53 and a 200 day simple moving average of GBX 261.80. The company has a market cap of £1.78 billion, a PE ratio of 10.15, a PEG ratio of 2.76 and a beta of 1.71. The company has a debt-to-equity ratio of 63.56, a quick ratio of 0.46 and a current ratio of 0.46.

Mitchells & Butlers (LON:MAB) last posted its quarterly earnings results on Friday, November 28th. The company reported GBX 30.90 earnings per share for the quarter. Mitchells & Butlers had a net margin of 1.72% and a return on equity of 1.89%. Equities research analysts predict that Mitchells & Butlers plc will post 26.6341463 EPS for the current year.

Insider Activity at Mitchells & Butlers

In related news, insider Timothy (Tim) Charles Jones sold 47,849 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of GBX 256, for a total transaction of £122,493.44. Also, insider Phil Urban sold 57,217 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of GBX 256, for a total transaction of £146,475.52. Over the last quarter, insiders have acquired 210 shares of company stock valued at $55,176 and have sold 462,102 shares valued at $119,726,256. 32.27% of the stock is owned by insiders.

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.