Mitchells & Butlers (LON:MAB) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Mitchells & Butlers plc (LON:MAB) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 262.68 and traded as high as GBX 284.50. Mitchells & Butlers shares last traded at GBX 283.50, with a volume of 6,124,152 shares traded.

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 355 target price on shares of Mitchells & Butlers in a research note on Thursday, May 21st. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Mitchells & Butlers has a consensus rating of “Moderate Buy” and a consensus price target of GBX 558.75.

Mitchells & Butlers Stock Up 0.2%

The company has a market capitalization of £1.68 billion, a PE ratio of 9.25, a PEG ratio of 2.76 and a beta of 1.28. The company has a debt-to-equity ratio of 47.97, a quick ratio of 0.46 and a current ratio of 0.48. The stock’s 50 day moving average is GBX 253.67 and its 200 day moving average is GBX 262.70.

Mitchells & Butlers (LON:MAB) last released its quarterly earnings data on Thursday, May 21st. The company reported GBX 17.40 EPS for the quarter. Mitchells & Butlers had a net margin of 6.70% and a return on equity of 6.41%. The company had revenue of GBX 149 billion during the quarter. On average, sell-side analysts anticipate that Mitchells & Butlers plc will post 26.6341463 EPS for the current fiscal year.

Insider Activity at Mitchells & Butlers

In related news, insider Amanda Brown purchased 30,000 shares of Mitchells & Butlers stock in a transaction dated Tuesday, May 26th. The stock was bought at an average cost of GBX 236 per share, for a total transaction of £70,800. Insiders acquired 30,227 shares of company stock valued at $7,135,169 over the last three months. 32.08% of the stock is owned by company 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.