Mitchells & Butlers (LON:MAB) Share Price Crosses Above 200-Day Moving Average of $252.24

Mitchells & Butlers plc (LON:MAB) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 252.24 ($3.21) and traded as high as GBX 303.50 ($3.86). Mitchells & Butlers shares last traded at GBX 303 ($3.85), with a volume of 248,445 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group lifted their target price on shares of Mitchells & Butlers from GBX 270 ($3.43) to GBX 325 ($4.13) and gave the company a “buy” rating in a research note on Tuesday, February 20th. JPMorgan Chase & Co. boosted their price objective on shares of Mitchells & Butlers from GBX 290 ($3.68) to GBX 340 ($4.32) and gave the stock a “neutral” rating in a research note on Thursday, May 23rd. Finally, Shore Capital reissued a “buy” rating on shares of Mitchells & Butlers in a research note on Wednesday, May 22nd.

Mitchells & Butlers Price Performance

The company has a debt-to-equity ratio of 78.60, a current ratio of 0.47 and a quick ratio of 0.46. The firm’s 50 day moving average is GBX 266.10 and its 200 day moving average is GBX 252.24. The firm has a market cap of £1.80 billion, a P/E ratio of 4,328.57, a price-to-earnings-growth ratio of 2.76 and a beta of 1.54.

Mitchells & Butlers Company Profile

Mitchells & Butlers plc engages in the management of pubs, bars, and restaurants in the United Kingdom and Germany. The company operates its pubs and restaurants under the Alex, All Bar One, Browns, Castle, EGO, Ember Inns, Harvester, High Street, Innkeeper's Lodge, Miller & Carter, Nicholson's, O'Neill's, Premium Country Pubs, Sizzling Pubs, Suburban, Stonehouse Pizza & Carvery, Toby Carvery, and Vintage Inns brands and formats.