Mitchells & Butlers (LON:MAB) Share Price Passes Above 200-Day Moving Average - Here's What Happened

Key Points

• Mitchells & Butlers plc shares recently crossed above their 200-day moving average of GBX 253.77 ($3.43), reaching a high of GBX 270.50 ($3.65) during trading.
• Analysts have reaffirmed a "buy" rating for the company, with price targets set between GBX 300 ($4.05) and GBX 375 ($5.06), indicating expected growth in the stock.
• The company operates as a leader in the UK's managed restaurants and pubs sector, with a market cap of £1.60 billion and a debt-to-equity ratio of 63.56.

Mitchells & Butlers plc (LON:MAB - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 253.77 ($3.43) and traded as high as GBX 270.50 ($3.66). Mitchells & Butlers shares last traded at GBX 268.50 ($3.63), with a volume of 77,334 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MAB shares. Peel Hunt restated a "buy" rating and issued a GBX 375 ($5.07) target price on shares of Mitchells & Butlers in a research note on Friday, July 25th. Deutsche Bank Aktiengesellschaft boosted their target price on Mitchells & Butlers from GBX 280 ($3.79) to GBX 300 ($4.06) and gave the company a "hold" rating in a research note on Friday, July 25th. Finally, Shore Capital restated a "buy" rating on shares of Mitchells & Butlers in a research note on Friday, July 25th.

Mitchells & Butlers Stock Performance

The company has a 50-day moving average price of GBX 280.46 and a two-hundred day moving average price of GBX 254.13. The stock has a market capitalization of £1.57 billion, a P/E ratio of 35.16, a PEG ratio of 2.76 and a beta of 1.71. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 63.56.

Mitchells & Butlers (LON:MAB - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The company reported GBX 16.80 ($0.23) earnings per share (EPS) for the quarter. Mitchells & Butlers had a return on equity of 1.89% and a net margin of 1.72%. Equities analysts expect that Mitchells & Butlers plc will post 26.6341463 earnings per share for the current year.

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.