Mitchells & Butlers (LON:MAB) Share Price Crosses Below 50-Day Moving Average of $263.64

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Mitchells & Butlers plc (LON:MAB) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $263.64 and traded as low as $276.00. Mitchells & Butlers shares last traded at $282.00, with a volume of 407,146 shares trading hands.

A number of analysts recently issued reports on MAB shares. Liberum Capital reissued a “hold” rating on shares of Mitchells & Butlers in a research report on Thursday, May 23rd. Numis Securities raised Mitchells & Butlers to an “add” rating in a research report on Thursday, May 16th. Citigroup raised Mitchells & Butlers to a “buy” rating and lifted their price objective for the company from GBX 310 ($4.05) to GBX 325 ($4.25) in a research report on Friday, May 24th. JPMorgan Chase & Co. raised Mitchells & Butlers to an “overweight” rating and lifted their price objective for the company from GBX 280 ($3.66) to GBX 390 ($5.10) in a research report on Tuesday, March 5th. Finally, Peel Hunt reissued a “buy” rating on shares of Mitchells & Butlers in a research report on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 315.56 ($4.12).

The stock has a market capitalization of $1.21 billion and a price-to-earnings ratio of 11.03. The company has a debt-to-equity ratio of 119.16, a current ratio of 0.54 and a quick ratio of 0.48.

In related news, insider Phil Urban purchased 15,115 shares of Mitchells & Butlers stock in a transaction on Friday, April 12th. The stock was bought at an average price of GBX 263 ($3.44) per share, with a total value of £39,752.45 ($51,943.62). Insiders acquired 15,205 shares of company stock valued at $3,999,116 in the last ninety days.

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About Mitchells & Butlers (LON:MAB)

Mitchells & Butlers plc manages pubs, bars, and restaurants in the United Kingdom and Germany. It operates its pubs and restaurants under the Harvester, Toby Carvery, All Bar One, Miller & Carter, Premium Country Pubs, Sizzling Pubs, Stonehouse, Vintage Inns, Browns, Castle, Nicholson's, O'Neill's, Innkeeper's Lodge, Alex, and Ember Inns brands and formats.

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