Mitchells & Butlers (LON:MAB) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Mitchells & Butlers plc (LON:MAB) crossed 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. 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. Jefferies Financial Group restated a “buy” rating and issued a GBX 355 price target on shares of Mitchells & Butlers in a research note on Thursday, May 21st. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Mitchells & Butlers currently has an average rating of “Moderate Buy” and a consensus target price of GBX 485.

Mitchells & Butlers Trading Up 0.4%

The company has a debt-to-equity ratio of 47.97, a current ratio of 0.48 and a quick ratio of 0.46. The company’s 50 day moving average price is GBX 245.85 and its two-hundred day moving average price is GBX 262.27. The stock has a market capitalization of £1.57 billion, a PE ratio of 8.66, a P/E/G ratio of 2.76 and a beta of 1.28.

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

Insiders Place Their Bets

In other news, insider Amanda Brown bought 30,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were bought at an average cost of GBX 236 per share, for a total transaction of £70,800. In the last quarter, insiders have bought 30,282 shares of company stock valued at $7,148,891. Insiders own 32.08% of the company’s stock.

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.