Mitchells & Butlers (LON:MAB) Stock Passes Above 200 Day Moving Average – What’s Next?

Mitchells & Butlers plc (LON:MAB)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 263.53 and traded as high as GBX 274. Mitchells & Butlers shares last traded at GBX 267.50, with a volume of 5,556,838 shares.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 355 price objective on shares of Mitchells & Butlers in a report on Thursday, May 21st. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Mitchells & Butlers currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 558.75.

Mitchells & Butlers Trading Down 1.5%

The company has a quick ratio of 0.46, a current ratio of 0.48 and a debt-to-equity ratio of 47.97. The company has a 50-day moving average price of GBX 274.78 and a 200-day moving average price of GBX 263.53. The company has a market capitalization of £1.59 billion, a price-to-earnings ratio of 8.74, a P/E/G ratio of 2.76 and a beta of 1.29.

About Mitchells & Butlers

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.