Insider Buying: Mitchells & Butlers plc (LON:MAB) Insider Buys 47 Shares of Stock

Mitchells & Butlers plc (LON:MAB) insider Timothy (Tim) Charles Jones bought 47 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The shares were acquired at an average cost of GBX 298 ($3.85) per share, for a total transaction of £140.06 ($181.14).

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

• On Friday, June 21st, Timothy (Tim) Charles Jones purchased 46 shares of Mitchells & Butlers stock. The stock was acquired at an average price of GBX 295 ($3.82) per share, with a total value of £135.70 ($175.50).
• On Friday, May 24th, Timothy (Tim) Charles Jones acquired 47 shares of Mitchells & Butlers stock. The stock was bought at an average price of GBX 298 ($3.85) per share, for a total transaction of £140.06 ($181.14).

Mitchells & Butlers Price Performance

Shares of MAB opened at GBX 303 ($3.92) on Wednesday. The firm has a market capitalization of £1.80 billion, a price-to-earnings ratio of 4,328.57, a PEG ratio of 2.76 and a beta of 1.54. The firm’s fifty day simple moving average is GBX 295.02 and its 200-day simple moving average is GBX 261.21. Mitchells & Butlers plc has a twelve month low of GBX 195 ($2.52) and a twelve month high of GBX 314.50 ($4.07). The company has a current ratio of 0.47, a quick ratio of 0.46 and a debt-to-equity ratio of 78.60.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MAB. Shore Capital restated a “buy” rating on shares of Mitchells & Butlers in a report on Wednesday, May 22nd. JPMorgan Chase & Co. boosted their price objective on Mitchells & Butlers from GBX 290 ($3.75) to GBX 340 ($4.40) and gave the stock a “neutral” rating in a research report on Thursday, May 23rd.

About Mitchells & Butlers

Mitchells & Butlers plc engages in the management of pubs, bars, and restaurants in the United Kingdom and Germany. The company operates its pubs and restaurants under the Alex, All Bar One, Browns, Castle, EGO, Ember Inns, Harvester, High Street, Innkeeper's Lodge, Miller & Carter, Nicholson's, O'Neill's, Premium Country Pubs, Sizzling Pubs, Suburban, Stonehouse Pizza & Carvery, Toby Carvery, and Vintage Inns brands and formats.