Mitchells & Butlers (LON:MAB) Sets New 52-Week Low at $151.00

Mitchells & Butlers plc (LON:MABGet Rating)’s share price hit a new 52-week low on Thursday . The stock traded as low as GBX 151 ($1.82) and last traded at GBX 151.70 ($1.83), with a volume of 250077 shares trading hands. The stock had previously closed at GBX 154.50 ($1.87).

Analysts Set New Price Targets

Several analysts recently commented on the company. Shore Capital reaffirmed a “hold” rating on shares of Mitchells & Butlers in a research note on Thursday, July 21st. Morgan Stanley reissued an “overweight” rating on shares of Mitchells & Butlers in a report on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft cut their price target on Mitchells & Butlers from GBX 270 ($3.26) to GBX 230 ($2.78) and set a “buy” rating for the company in a report on Thursday, July 28th. JPMorgan Chase & Co. reduced their target price on shares of Mitchells & Butlers from GBX 276 ($3.33) to GBX 225 ($2.72) and set a “neutral” rating on the stock in a research report on Wednesday, May 25th. Finally, Berenberg Bank cut shares of Mitchells & Butlers to a “hold” rating and dropped their price objective for the stock from GBX 350 ($4.23) to GBX 180 ($2.17) in a research report on Thursday, July 28th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 269 ($3.25).

Mitchells & Butlers Trading Down 1.4 %

The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 95.47. The stock has a market capitalization of £910.41 million and a P/E ratio of 532.76. The company has a fifty day simple moving average of GBX 177.95 and a two-hundred day simple moving average of GBX 207.37.

Mitchells & Butlers Company Profile

(Get Rating)

Mitchells & Butlers plc manages 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, Ember Inns, Harvester, Innkeeper's Lodge, Miller & Carter, Nicholson's, O'Neill's, Premium Country Pubs, Sizzling Pubs, Stonehouse Pizza & Carvery, Toby Carvery, and Vintage Inns brands and formats.

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