Mitchells & Butlers (LON:MAB) Sets New 12-Month Low – Time to Sell?

Mitchells & Butlers plc (LON:MAB)’s share price hit a new 52-week low on Thursday . The company traded as low as GBX 215.50 ($2.78) and last traded at GBX 216 ($2.78), with a volume of 562396 shares. The stock had previously closed at GBX 220 ($2.84).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “buy” rating on shares of Mitchells & Butlers in a research report on Thursday, December 19th.

Mitchells & Butlers Stock Performance

The stock’s 50 day simple moving average is GBX 233.24 and its two-hundred day simple moving average is GBX 257.20. The company has a market cap of £1.28 billion, a PE ratio of 28.67, a P/E/G ratio of 2.76 and a beta of 1.71. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 63.56.

Insider Activity at Mitchells & Butlers

In other Mitchells & Butlers news, insider Phil Urban sold 28,609 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of GBX 250 ($3.22), for a total value of £71,522.50 ($92,191.93). Also, insider Timothy (Tim) Charles Jones sold 13,429 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of GBX 241 ($3.11), for a total value of £32,363.89 ($41,716.80). Over the last 90 days, insiders have bought 179 shares of company stock worth $41,478. 57.51% of the stock is owned by insiders.

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.