Mitchells & Butlers (LON:MAB) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Mitchells & Butlers plc (LON:MAB) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 262.96 and traded as low as GBX 254.50. Mitchells & Butlers shares last traded at GBX 257.86, with a volume of 275,897 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MAB. Berenberg Bank reissued a “buy” rating and set a GBX 1,150 price objective on shares of Mitchells & Butlers in a report on Monday, March 30th. Shore Capital Group reissued a “buy” rating on shares of Mitchells & Butlers in a report on Thursday, January 15th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 511.

Mitchells & Butlers Price Performance

The stock has a market cap of £1.58 billion, a price-to-earnings ratio of 9.01, a price-to-earnings-growth ratio of 2.76 and a beta of 1.34. The stock has a fifty day simple moving average of GBX 275.31 and a 200-day simple moving average of GBX 262.93. The company has a current ratio of 0.47, a quick ratio of 0.46 and a debt-to-equity ratio of 53.55.

About Mitchells & Butlers

Mitchells & Butlers is a leading operator of managed restaurants and pubs in the UK. It listed on the London Stock Exchange in April 2003 and is a member of the FTSE 250. Its restaurants and pubs have some of the highest average sales and profits per site in the industry and it operates the best portfolio of brands in the UK.