Mitchells & Butlers plc (LON:MAB) Insider Purchases £137.28 in Stock

Key Points

• Insider Phil Urban of Mitchells & Butlers plc purchased 52 shares for £137.28 on August 15th, showcasing ongoing confidence as he has made multiple stock purchases in recent months.
• The company's stock price increased by GBX 3.50 to reach GBX 269 during trading, with a 52-week range between GBX 194.40 and GBX 313.
• Analysts are optimistic about the stock, with Deutsche Bank raising its price target from GBX 280 to GBX 300 and other firms reaffirming their "buy" ratings.

Mitchells & Butlers plc (LON:MAB - Get Free Report) insider Phil Urban bought 52 shares of the company's stock in a transaction on Friday, August 15th. The stock was bought at an average price of GBX 264 ($3.58) per share, for a total transaction of £137.28 ($186.17).

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

• On Friday, July 18th, Phil Urban bought 50 shares of Mitchells & Butlers stock. The stock was bought at an average price of GBX 278 ($3.77) per share, for a total transaction of £139 ($188.50).
• On Friday, June 20th, Phil Urban bought 49 shares of Mitchells & Butlers stock. The stock was bought at an average price of GBX 279 ($3.78) per share, for a total transaction of £136.71 ($185.39).
• On Friday, May 23rd, Phil Urban purchased 49 shares of Mitchells & Butlers stock. The stock was acquired at an average cost of GBX 282 ($3.82) per share, for a total transaction of £138.18 ($187.39).

Mitchells & Butlers Price Performance

Mitchells & Butlers stock traded up GBX 3.50 ($0.05) during midday trading on Monday, reaching GBX 269 ($3.65). 70,477 shares of the stock were exchanged, compared to its average volume of 584,159. The company's fifty day moving average is GBX 280.04 and its 200-day moving average is GBX 254.69. 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 firm has a market cap of £1.60 billion, a PE ratio of 35.63, a PEG ratio of 2.76 and a beta of 1.71. Mitchells & Butlers plc has a 52 week low of GBX 194.40 ($2.64) and a 52 week high of GBX 313 ($4.24).

Mitchells & Butlers (LON:MAB - Get Free Report) last posted its 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%. On average, sell-side analysts forecast that Mitchells & Butlers plc will post 26.6341463 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MAB. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Mitchells & Butlers from GBX 280 ($3.80) to GBX 300 ($4.07) and gave the company a "hold" rating in a research report on Friday, July 25th. Peel Hunt reissued a "buy" rating and issued a GBX 375 ($5.09) price target on shares of Mitchells & Butlers in a research report on Friday, July 25th. Finally, Shore Capital reissued a "buy" rating on shares of Mitchells & Butlers in a research report on Friday, July 25th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.