Insider Buying: Mitchells & Butlers (LON:MAB) Insider Purchases 55 Shares of Stock

Key Points

• Insider Phil Urban purchased a total of 55 shares of Mitchells & Butlers stock at an average cost of GBX 253 per share on October 10th, 2023.
• Analysts have issued a moderate buy rating for the stock, with target prices ranging from GBX 300 to GBX 375, indicating potential growth in share value.
• Mitchells & Butlers stock showed a minor increase of 1.0%, reaching GBX 249 during trading, with a current market capitalization of £1.48 billion.

Mitchells & Butlers plc (LON:MAB - Get Free Report) insider Phil Urban bought 55 shares of the firm's stock in a transaction on Friday, October 10th. The stock was acquired at an average cost of GBX 253 per share, with a total value of £139.15.

Phil Urban also recently made the following trade(s):

• On Friday, September 12th, Phil Urban bought 52 shares of Mitchells & Butlers stock. The stock was acquired at an average cost of GBX 262 per share, with a total value of £136.24.
• On Friday, August 15th, Phil Urban bought 52 shares of Mitchells & Butlers stock. The stock was acquired at an average cost of GBX 264 per share, with a total value of £137.28.
• On Friday, July 18th, Phil Urban bought 50 shares of Mitchells & Butlers stock. The stock was acquired at an average cost of GBX 278 per share, with a total value of £139.

Mitchells & Butlers Stock Up 1.0%

MAB stock traded up GBX 2.50 during trading hours on Monday, hitting GBX 249. The company's stock had a trading volume of 261,831 shares, compared to its average volume of 604,360. Mitchells & Butlers plc has a 12 month low of GBX 194.40 and a 12 month high of GBX 308. The stock has a 50 day moving average price of GBX 259.89 and a two-hundred day moving average price of GBX 263.81. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 63.56. The company has a market capitalization of £1.48 billion, a PE ratio of 889.29, a price-to-earnings-growth ratio of 2.76 and a beta of 1.71.

Wall Street Analysts Forecast Growth

MAB has been the topic of a number of research analyst reports. Peel Hunt reiterated a "buy" rating and issued a GBX 375 target price on shares of Mitchells & Butlers in a research note on Friday, July 25th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Mitchells & Butlers from GBX 280 to GBX 300 and gave the company a "hold" rating in a research note on Friday, July 25th. Finally, Shore Capital reiterated a "buy" rating on shares of Mitchells & Butlers in a research note on Thursday, September 25th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 337.50.

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.

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