Shore Capital Reaffirms Buy Rating for Mitchells & Butlers (LON:MAB)

Shore Capital reissued their buy rating on shares of Mitchells & Butlers (LON:MAB) in a research note issued to investors on Thursday,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 Trading Down 1.6 %

LON:MAB opened at GBX 241.68 ($3.02) on Thursday. Mitchells & Butlers has a 52-week low of GBX 220 ($2.75) and a 52-week high of GBX 320 ($4.00). The company has a quick ratio of 0.46, a current ratio of 0.47 and a debt-to-equity ratio of 78.60. The stock has a fifty 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 PE ratio of 3,452.57, a price-to-earnings-growth ratio of 2.76 and a beta of 1.71.

Insider Activity

In related news, insider Phil Urban sold 28,609 shares of the firm’s stock in a transaction that occurred 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 bought 1,360 shares of the stock in a transaction on Friday, November 29th. The stock was purchased at an average cost of GBX 246 ($3.07) per share, with a total value of £3,345.60 ($4,181.48). Insiders have purchased 1,467 shares of company stock worth $362,083 over the last three months. 57.51% of the stock is currently owned by corporate insiders.

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.