Mitchells & Butlers (LON:MAB) Receives “Buy” Rating from Shore Capital

Shore Capital restated their buy rating on shares of Mitchells & Butlers (LON:MAB) in a research note published on Thursday morning,London Stock Exchange reports.

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

Mitchells & Butlers Stock Down 1.6 %

Mitchells & Butlers stock opened at GBX 241.68 ($3.02) on Thursday. The stock has a 50-day simple moving average of GBX 250.51 and a 200-day simple moving average of GBX 281.66. The company has a market capitalization of £1.44 billion, a P/E ratio of 3,452.57, a PEG ratio of 2.76 and a beta of 1.71. The company has a debt-to-equity ratio of 78.60, a quick ratio of 0.46 and a current ratio of 0.47. Mitchells & Butlers has a fifty-two week low of GBX 220 ($2.75) and a fifty-two week high of GBX 320 ($4.00).

Insider Activity at Mitchells & Butlers

In other news, insider Phil Urban sold 28,609 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of GBX 250 ($3.12), for a total transaction of £71,522.50 ($89,391.95). Also, insider Dave Coplin purchased 1,360 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was bought at an average price of GBX 246 ($3.07) per share, with a total value of £3,345.60 ($4,181.48). Insiders bought a total of 1,467 shares of company stock worth $362,083 over the last 90 days. Company insiders own 57.51% of the company’s stock.

About Mitchells & Butlers

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.