Mitchells & Butlers plc (LON:MAB – Get Free Report)’s share price hit a new 52-week low during trading on Friday . The stock traded as low as GBX 210 ($2.72) and last traded at GBX 218 ($2.82), with a volume of 5182 shares trading hands. The stock had previously closed at GBX 215.50 ($2.79).
Analysts Set New Price Targets
Separately, Shore Capital reaffirmed a “buy” rating on shares of Mitchells & Butlers in a research note on Friday, March 7th.
Mitchells & Butlers Price Performance
Insider Buying and Selling at Mitchells & Butlers
In other Mitchells & Butlers news, insider Timothy (Tim) Charles Jones sold 13,429 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of GBX 241 ($3.12), for a total transaction of £32,363.89 ($41,922.14). Insiders have purchased 179 shares of company stock worth $41,478 over the last quarter. Insiders own 57.51% of the company’s stock.
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.
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