Shore Capital Reaffirms Buy Rating for Mitchells & Butlers (LON:MAB)

Mitchells & Butlers (LON:MAB)‘s stock had its “buy” rating reissued by Shore Capital in a report issued on Thursday,London Stock Exchange reports.

Separately, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Mitchells & Butlers in a research report on Wednesday, September 11th.

Mitchells & Butlers Stock Performance

Shares of Mitchells & Butlers stock opened at GBX 246.50 ($3.10) on Thursday. The business has a 50-day simple moving average of GBX 250.51 and a 200 day simple moving average of GBX 281.66. The firm has a market capitalization of £1.46 billion, a price-to-earnings ratio of 3,521.43, a PEG ratio of 2.76 and a beta of 1.71. The company has a debt-to-equity ratio of 78.60, a current ratio of 0.47 and a quick ratio of 0.46. Mitchells & Butlers has a one year low of GBX 220 ($2.76) and a one year high of GBX 320 ($4.02).

Insider Transactions at Mitchells & Butlers

In related news, insider Phil Urban sold 28,609 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of GBX 250 ($3.14), for a total value of £71,522.50 ($89,886.26). Also, insider Dave Coplin purchased 1,360 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were bought at an average price of GBX 246 ($3.09) per share, with a total value of £3,345.60 ($4,204.60). Insiders bought a total of 1,467 shares of company stock worth $362,083 in the last quarter. 57.51% of the stock is currently owned by corporate insiders.

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.