Mitchells & Butlers (LON:MAB) Stock Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Mitchells & Butlers plc's stock has surpassed its 200-day moving average with a recent high of GBX 278 ($3.69), indicating potential bullish momentum.
• Analysts from Shore Capital and Peel Hunt have reaffirmed their "buy" ratings, with Peel Hunt setting a target price of GBX 375 ($4.98).
• The company reported earnings of GBX 16.80 ($0.22) per share for its last quarter, with expectations for an average EPS of 26.63 for the current fiscal year.

Shares of Mitchells & Butlers plc (LON:MAB - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 252.53 ($3.36) and traded as high as GBX 278 ($3.69). Mitchells & Butlers shares last traded at GBX 273.50 ($3.64), with a volume of 2,192,919 shares traded.

Wall Street Analysts Forecast Growth

MAB has been the topic of several research reports. Shore Capital restated a "buy" rating on shares of Mitchells & Butlers in a report on Friday, July 25th. Peel Hunt restated a "buy" rating and issued a GBX 375 ($4.98) target price on shares of Mitchells & Butlers in a report on Friday, July 25th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Mitchells & Butlers from GBX 280 ($3.72) to GBX 300 ($3.99) and gave the stock a "hold" rating in a report on Friday, July 25th.

Mitchells & Butlers Stock Up 0.1%

The company's 50 day moving average price is GBX 283.13 and its two-hundred day moving average price is GBX 252.53. The firm has a market cap of £1.62 billion, a PE ratio of 36.26, a PEG ratio of 2.76 and a beta of 1.71. The company has a current ratio of 0.46, a quick 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 ($0.22) earnings per share for the quarter. Mitchells & Butlers had a net margin of 1.72% and a return on equity of 1.89%. On average, equities research analysts expect that Mitchells & Butlers plc will post 26.6341463 EPS for the current fiscal year.

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.

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