Mitchells & Butlers (LON:MAB) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Mitchells & Butlers plc (LON:MAB)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 264.07 and traded as high as GBX 286.50. Mitchells & Butlers shares last traded at GBX 285, with a volume of 251,493 shares.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 558.75.

Mitchells & Butlers Stock Performance

The company has a current ratio of 0.48, a quick ratio of 0.46 and a debt-to-equity ratio of 47.97. The firm has a market capitalization of £1.71 billion, a PE ratio of 9.40, a PEG ratio of 2.76 and a beta of 1.29. The firm’s fifty day moving average price is GBX 266.14 and its 200 day moving average price is GBX 264.17.

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.