Mitchells & Butlers (LON:MAB) released its quarterly earnings data on Wednesday. The company reported GBX 37.20 ($0.49) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 36.50 ($0.48) by GBX 0.70 ($0.01), Digital Look Earnings reports.
MAB stock traded down GBX 4 ($0.05) on Friday, reaching GBX 446 ($5.83). The company’s stock had a trading volume of 535,658 shares, compared to its average volume of 415,480. The business has a fifty day simple moving average of GBX 421.54 and a two-hundred day simple moving average of GBX 331.99. Mitchells & Butlers has a 12-month low of GBX 236.50 ($3.09) and a 12-month high of GBX 454 ($5.93). The firm has a market cap of $1.94 billion and a PE ratio of 17.35. The company has a debt-to-equity ratio of 119.16, a quick ratio of 0.48 and a current ratio of 0.54.
MAB has been the subject of a number of analyst reports. Canaccord Genuity reissued a “buy” rating and set a GBX 400 ($5.23) price objective on shares of Mitchells & Butlers in a research note on Wednesday. JPMorgan Chase & Co. increased their price objective on Mitchells & Butlers from GBX 430 ($5.62) to GBX 490 ($6.40) and gave the company an “overweight” rating in a research note on Wednesday. Citigroup lowered Mitchells & Butlers to a “neutral” rating and increased their price objective for the company from GBX 440 ($5.75) to GBX 490 ($6.40) in a research note on Thursday. Berenberg Bank reissued a “buy” rating on shares of Mitchells & Butlers in a research note on Monday, August 5th. Finally, HSBC increased their price objective on Mitchells & Butlers from GBX 310 ($4.05) to GBX 350 ($4.57) and gave the company a “buy” rating in a research note on Monday, August 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 405.91 ($5.30).
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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