Mitchells & Butlers plc (LON:MAB)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $387.98 and traded as high as $402.50. Mitchells & Butlers shares last traded at $397.50, with a volume of 177,685 shares.
Several equities research analysts have recently commented on MAB shares. Royal Bank of Canada upgraded Mitchells & Butlers to a “sector perform” rating and upped their price objective for the stock from GBX 325 ($4.28) to GBX 450 ($5.92) in a research note on Friday, January 10th. Barclays upped their price objective on Mitchells & Butlers from GBX 260 ($3.42) to GBX 405 ($5.33) and gave the stock an “underweight” rating in a research note on Friday, January 10th. Canaccord Genuity restated a “buy” rating and issued a GBX 400 ($5.26) price objective on shares of Mitchells & Butlers in a research note on Wednesday, November 20th. Peel Hunt restated an “add” rating on shares of Mitchells & Butlers in a research note on Monday, January 20th. Finally, HSBC lowered Mitchells & Butlers to a “hold” rating and upped their price objective for the stock from GBX 350 ($4.60) to GBX 435 ($5.72) in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 453.64 ($5.97).
The company has a current ratio of 0.43, a quick ratio of 0.30 and a debt-to-equity ratio of 105.50. The firm has a market cap of $1.71 billion and a PE ratio of 11.94. The stock has a 50 day simple moving average of GBX 439.82 and a 200-day simple moving average of GBX 387.98.
Mitchells & Butlers (LON:MAB) last issued its quarterly earnings results on Wednesday, November 20th. The company reported GBX 37.20 ($0.49) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 36.50 ($0.48) by GBX 0.70 ($0.01). On average, equities research analysts expect that Mitchells & Butlers plc will post 3458.0002729 EPS for the current year.
In other news, insider Timothy (Tim) Charles Jones sold 53,075 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of GBX 452 ($5.95), for a total transaction of £239,899 ($315,573.53). Also, insider Phil Urban sold 8,710 shares of the firm’s stock in a transaction dated Thursday, November 28th. The shares were sold at an average price of GBX 461 ($6.06), for a total value of £40,153.10 ($52,819.13).
Mitchells & Butlers Company Profile (LON:MAB)
Mitchells & Butlers plc manages pubs, bars, and restaurants in the United Kingdom and Germany. It operates its pubs and restaurants under the Harvester, Toby Carvery, All Bar One, Miller & Carter, Premium Country Pubs, Sizzling Pubs, Stonehouse, Vintage Inns, Browns, Castle, Nicholson's, O'Neill's, Innkeeper's Lodge, Alex, and Ember Inns brands and formats.
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