Mitchells & Butlers plc (LON:MAB) insider Timothy (Tim) Charles Jones purchased 85 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was bought at an average price of GBX 162 ($1.99) per share, for a total transaction of £137.70 ($169.46).
LON MAB traded down GBX 0.60 ($0.01) during trading hours on Monday, reaching GBX 160.60 ($1.98). 794,339 shares of the company were exchanged, compared to its average volume of 415,480. The stock has a market capitalization of $689.30 million and a P/E ratio of -27.22. The company has a quick ratio of 0.38, a current ratio of 0.41 and a debt-to-equity ratio of 181.71. Mitchells & Butlers plc has a 1 year low of GBX 1.82 ($0.02) and a 1 year high of GBX 483 ($5.94). The business’s 50 day simple moving average is GBX 191.37 and its 200-day simple moving average is GBX 255.95.
Several equities analysts have commented on MAB shares. Peel Hunt reissued a “buy” rating on shares of Mitchells & Butlers in a report on Thursday, July 2nd. Jefferies Financial Group decreased their price target on Mitchells & Butlers from GBX 530 ($6.52) to GBX 400 ($4.92) and set a “buy” rating for the company in a research note on Tuesday, April 21st. Royal Bank of Canada dropped their target price on shares of Mitchells & Butlers from GBX 450 ($5.54) to GBX 175 ($2.15) and set a “sector performer” rating on the stock in a report on Tuesday, April 28th. HSBC reissued a “buy” rating and issued a GBX 225 ($2.77) price objective (down from GBX 270 ($3.32)) on shares of Mitchells & Butlers in a research report on Wednesday, April 29th. Finally, Berenberg Bank restated a “buy” rating on shares of Mitchells & Butlers in a research report on Friday, July 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. Mitchells & Butlers currently has an average rating of “Buy” and an average price target of GBX 342.27 ($4.21).
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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