Mitchells & Butlers (LON:MAB) Shares Cross Above 200-Day Moving Average of $320.25
Mitchells & Butlers plc (LON:MAB)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $320.25 and traded as high as $430.00. Mitchells & Butlers shares last traded at $426.00, with a volume of 231,266 shares changing hands.
A number of research analysts recently weighed in on the stock. Shore Capital restated a “hold” rating on shares of Mitchells & Butlers in a research report on Wednesday, July 31st. HSBC increased their price objective on shares of Mitchells & Butlers from GBX 310 ($4.05) to GBX 350 ($4.57) and gave the company a “buy” rating in a research report on Monday, August 12th. Berenberg Bank restated a “buy” rating on shares of Mitchells & Butlers in a research report on Monday, August 5th. Morgan Stanley upgraded shares of Mitchells & Butlers to an “overweight” rating and increased their price objective for the company from GBX 280 ($3.66) to GBX 430 ($5.62) in a research report on Monday, September 9th. Finally, Peel Hunt restated an “add” rating on shares of Mitchells & Butlers in a research report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 349.55 ($4.57).
The company has a debt-to-equity ratio of 119.16, a current ratio of 0.54 and a quick ratio of 0.48. The firm has a market capitalization of $1.83 billion and a P/E ratio of 16.58. The company’s 50-day simple moving average is GBX 404.89 and its two-hundred day simple moving average is GBX 321.07.
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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