Mitchells & Butlers (LON:MAB) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Mitchells & Butlers plc shares have recently surpassed their 200-day moving average, indicating potential upward momentum, with the last traded price at GBX 263.50 ($3.56).
• Analysts have mixed ratings for the stock; Deutsche Bank has raised its target price to GBX 300, while Peel Hunt maintains a "buy" rating with a target of GBX 375, resulting in a consensus rating of "Moderate Buy".
• The company has a market capitalization of £1.55 billion and notable financial ratios, including a price-to-earnings ratio of 34.70 and a debt-to-equity ratio of 63.56.

Mitchells & Butlers plc (LON:MAB - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 256.64 ($3.47) and traded as high as GBX 266 ($3.59). Mitchells & Butlers shares last traded at GBX 263.50 ($3.56), with a volume of 106,276 shares.

Wall Street Analysts Forecast Growth

MAB has been the subject of a number of research reports. Peel Hunt reaffirmed a "buy" rating and set a GBX 375 target price on shares of Mitchells & Butlers in a report on Friday, July 25th. Deutsche Bank Aktiengesellschaft boosted their price target on Mitchells & Butlers from GBX 280 to GBX 300 and gave the company a "hold" rating in a report on Friday, July 25th. Finally, Shore Capital reaffirmed a "buy" rating on shares of Mitchells & Butlers in a research note on Friday, July 25th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Mitchells & Butlers presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 337.50.

Mitchells & Butlers Trading Down 2.3%

The company has a 50 day moving average of GBX 277.18 and a 200 day moving average of GBX 257.15. The company has a debt-to-equity ratio of 63.56, a quick ratio of 0.46 and a current ratio of 0.46. The stock has a market capitalization of £1.53 billion, a price-to-earnings ratio of 919.64, a P/E/G ratio of 2.76 and a beta of 1.71.

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.