Mitchells & Butlers (LON:MAB) Reaches New 52-Week Low – Here’s Why

Mitchells & Butlers plc (LON:MAB) shares reached a new 52-week low during trading on Monday . The company traded as low as GBX 209.96 ($2.71) and last traded at GBX 210.77 ($2.72), with a volume of 324393 shares traded. The stock had previously closed at GBX 218.50 ($2.82).

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “buy” rating on shares of Mitchells & Butlers in a research report on Friday, March 7th.

Mitchells & Butlers Price Performance

The company has a debt-to-equity ratio of 63.56, a quick ratio of 0.46 and a current ratio of 0.46. The company has a market capitalization of £1.23 billion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 2.76 and a beta of 1.71. The company has a 50-day moving average price of GBX 225.27 and a 200-day moving average price of GBX 246.31.

Insider Activity at Mitchells & Butlers

In other Mitchells & Butlers news, insider Timothy (Tim) Charles Jones sold 13,429 shares of Mitchells & Butlers stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of GBX 241 ($3.12), for a total transaction of £32,363.89 ($41,840.84). Over the last 90 days, insiders bought 243 shares of company stock worth $55,302. 57.51% of the stock is currently owned by company insiders.

Mitchells & Butlers Company Profile

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.