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

Mitchells & Butlers plc (LON:MAB - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 248.56 ($3.33) and traded as high as GBX 284 ($3.81). Mitchells & Butlers shares last traded at GBX 277 ($3.72), with a volume of 163,027 shares changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a "buy" rating on shares of Mitchells & Butlers in a research note on Thursday, May 22nd.

Mitchells & Butlers Price Performance

The company's 50-day simple moving average is GBX 281.89 and its 200-day simple moving average is GBX 249.11. The company has a debt-to-equity ratio of 63.56, a current ratio of 0.46 and a quick ratio of 0.46. The stock has a market capitalization of £1.66 billion, a price-to-earnings ratio of 37.08, a P/E/G ratio of 2.76 and a beta of 1.71.

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