Mitchells & Butlers (LON:MAB) Stock Price Down 6.9% – Here’s What Happened

Mitchells & Butlers plc (LON:MAB – Get Free Report) shares dropped 6.9% during mid-day trading on Friday . The stock traded as low as GBX 228 and last traded at GBX 235. Approximately 8,766,488 shares changed hands during trading, an increase of 476% from the average daily volume of 1,521,247 shares. The stock had previously closed at GBX 252.50.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Jefferies Financial Group reiterated a “buy” rating and set a GBX 355 target price on shares of Mitchells & Butlers in a research report on Thursday. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,150 price target on shares of Mitchells & Butlers in a research note on Monday, March 30th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 485.

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Mitchells & Butlers Price Performance

The firm has a market capitalization of £1.37 billion, a P/E ratio of 7.81, a price-to-earnings-growth ratio of 2.76 and a beta of 1.30. The company has a current ratio of 0.47, a quick ratio of 0.46 and a debt-to-equity ratio of 53.55. The firm has a 50 day moving average price of GBX 260.39 and a 200-day moving average price of GBX 265.09.

Mitchells & Butlers (LON:MAB – Get Free Report) last released its quarterly earnings results on Thursday, May 21st. The company reported GBX 17.40 earnings per share for the quarter. Mitchells & Butlers had a return on equity of 6.46% and a net margin of 6.53%.The company had revenue of GBX 149 billion for the quarter. On average, analysts expect that Mitchells & Butlers plc will post 26.6341463 earnings per share for the current year.

Mitchells & Butlers Company Profile

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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.

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