Insider Buying: Mitchells & Butlers plc (MAB) Insider Acquires £137.47 in Stock

Mitchells & Butlers plc (LON:MAB) insider Timothy (Tim) Charles Jones purchased 59 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average price of GBX 233 ($3.22) per share, for a total transaction of £137.47 ($189.93).

Timothy (Tim) Charles Jones also recently made the following trade(s):

  • On Friday, January 12th, Timothy (Tim) Charles Jones purchased 50 shares of Mitchells & Butlers stock. The stock was acquired at an average price of GBX 277 ($3.83) per share, for a total transaction of £138.50 ($191.35).
  • On Friday, December 15th, Timothy (Tim) Charles Jones purchased 52 shares of Mitchells & Butlers stock. The stock was acquired at an average price of GBX 263 ($3.63) per share, for a total transaction of £136.76 ($188.95).
  • On Friday, November 17th, Timothy (Tim) Charles Jones purchased 54 shares of Mitchells & Butlers stock. The stock was acquired at an average price of GBX 259 ($3.58) per share, for a total transaction of £139.86 ($193.23).

Shares of Mitchells & Butlers plc (MAB) opened at GBX 234.20 ($3.24) on Thursday. Mitchells & Butlers plc has a 52-week low of GBX 219.90 ($3.04) and a 52-week high of GBX 284.80 ($3.93). The company has a market capitalization of $1,000.00 and a P/E ratio of 1,561.33.

The business also recently disclosed a dividend, which was paid on Tuesday, February 6th. Shareholders of record on Thursday, December 14th were given a GBX 5 ($0.07) dividend. This represents a yield of 1.99%. The ex-dividend date was Thursday, December 14th. This is a positive change from Mitchells & Butlers’s previous dividend of $2.50.

MAB has been the topic of several research reports. HSBC cut their price target on shares of Mitchells & Butlers from GBX 265 ($3.66) to GBX 260 ($3.59) and set a “hold” rating on the stock in a report on Wednesday, December 6th. Peel Hunt reiterated an “add” rating and issued a GBX 300 ($4.14) price target on shares of Mitchells & Butlers in a report on Friday, November 17th. Liberum Capital restated a “sell” rating and issued a GBX 210 ($2.90) price objective on shares of Mitchells & Butlers in a research report on Monday, January 15th. Shore Capital restated a “hold” rating on shares of Mitchells & Butlers in a research report on Friday, January 12th. Finally, Numis Securities restated a “reduce” rating and issued a GBX 250 ($3.45) price objective on shares of Mitchells & Butlers in a research report on Thursday, January 11th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 257.50 ($3.56).

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About Mitchells & Butlers

Mitchells & Butlers plc is an operator of managed restaurants and pubs. The Company’s portfolio of brands and formats includes Harvester, Toby Carvery, All Bar One, Miller & Carter, Premium Country Pubs, Sizzling Pubs, Crown Carveries, Stonehouse, Vintage Inns, Browns, Castle, Nicholson’s, O’Neill’s and Ember Inns.

Insider Buying and Selling by Quarter for Mitchells & Butlers (LON:MAB)

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