Shore Capital Reaffirms Buy Rating for Mitchells & Butlers (LON:MAB)

Mitchells & Butlers (LON:MAB)‘s stock had its “buy” rating reaffirmed by stock analysts at Shore Capital in a research note issued to investors on Thursday,London Stock Exchange reports.

MAB has been the topic of a number of other reports. Panmure Gordon restated a “buy” rating and issued a GBX 390 price target on shares of Mitchells & Butlers in a research note on Tuesday, December 2nd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 340 target price on shares of Mitchells & Butlers in a research note on Tuesday, December 2nd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 351.25.

Mitchells & Butlers Trading Up 1.5%

Shares of LON MAB traded up GBX 4 during trading on Thursday, hitting GBX 279. 171,334 shares of the company were exchanged, compared to its average volume of 1,009,900. The company has a debt-to-equity ratio of 63.56, a quick ratio of 0.46 and a current ratio of 0.46. The firm has a market capitalization of £1.66 billion, a PE ratio of 9.46, a P/E/G ratio of 2.76 and a beta of 1.71. The company has a fifty day moving average price of GBX 258.98 and a 200-day moving average price of GBX 262.14. Mitchells & Butlers has a 12-month low of GBX 194.40 and a 12-month high of GBX 308.

Mitchells & Butlers (LON:MAB) last issued its quarterly earnings data on Friday, November 28th. The company reported GBX 30.90 earnings per share (EPS) for the quarter. Mitchells & Butlers had a return on equity of 1.89% and a net margin of 1.72%. As a group, equities research analysts expect that Mitchells & Butlers will post 26.6341463 EPS for the current year.

Insider Buying and Selling at Mitchells & Butlers

In other news, insider Timothy (Tim) Charles Jones sold 47,849 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of GBX 256, for a total transaction of £122,493.44. Also, insider Phil Urban sold 57,217 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of GBX 256, for a total transaction of £146,475.52. In the last 90 days, insiders have bought 219 shares of company stock worth $55,263 and have sold 462,102 shares worth $119,726,256. 32.16% 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.