Mitchells & Butlers (LON:MAB) Stock Passes Above 200 Day Moving Average of $256.58

Mitchells & Butlers plc (LON:MAB)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 256.58 ($3.25) and traded as high as GBX 289.75 ($3.66). Mitchells & Butlers shares last traded at GBX 287 ($3.63), with a volume of 203,248 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MAB shares. JPMorgan Chase & Co. upped their price target on Mitchells & Butlers from GBX 290 ($3.67) to GBX 340 ($4.30) and gave the stock a “neutral” rating in a report on Thursday, May 23rd. Shore Capital restated a “buy” rating on shares of Mitchells & Butlers in a research note on Wednesday, May 22nd.

Mitchells & Butlers Stock Performance

The firm has a market cap of £1.70 billion, a price-to-earnings ratio of 4,100.00, a PEG ratio of 2.76 and a beta of 1.54. The company has a quick ratio of 0.46, a current ratio of 0.47 and a debt-to-equity ratio of 78.60. The company has a 50 day moving average of GBX 278.51 and a 200 day moving average of GBX 256.58.

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.