Mitchells & Butlers (LON:MAB) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

Mitchells & Butlers plc (LON:MAB)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 264.19 and traded as low as GBX 261. Mitchells & Butlers shares last traded at GBX 261, with a volume of 173,942 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MAB shares. Berenberg Bank restated a “buy” rating and set a GBX 1,150 price objective on shares of Mitchells & Butlers in a research note on Monday, March 30th. Shore Capital Group restated a “buy” rating on shares of Mitchells & Butlers in a research note on Thursday, January 15th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 511.

Mitchells & Butlers Stock Performance

The business’s 50 day simple moving average is GBX 274.09 and its two-hundred day simple moving average is GBX 264.32. The firm has a market capitalization of £1.55 billion, a P/E ratio of 8.86, a price-to-earnings-growth ratio of 2.76 and a beta of 1.34. The company has a current ratio of 0.47, a quick ratio of 0.46 and a debt-to-equity ratio of 53.55.

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.