Mitchells & Butlers plc (LON:MAB) insider Greg McMahon purchased 24 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were acquired at an average price of GBX 431 ($5.63) per share, with a total value of £103.44 ($135.16).
Greg McMahon also recently made the following trade(s):
- On Friday, August 23rd, Greg McMahon purchased 29 shares of Mitchells & Butlers stock. The shares were acquired at an average price of GBX 345 ($4.51) per share, with a total value of £100.05 ($130.73).
- On Friday, July 26th, Greg McMahon purchased 33 shares of Mitchells & Butlers stock. The shares were acquired at an average price of GBX 301 ($3.93) per share, with a total value of GBX 9,933 ($129.79).
Shares of MAB opened at GBX 422.50 ($5.52) on Thursday. The company has a 50-day simple moving average of GBX 384.87 and a 200-day simple moving average of GBX 308.81. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 119.16. The company has a market capitalization of $1.81 billion and a PE ratio of 16.44. Mitchells & Butlers plc has a 52-week low of GBX 236.50 ($3.09) and a 52-week high of GBX 423 ($5.53).
A number of analysts recently weighed in on the stock. HSBC increased their price target on shares of Mitchells & Butlers from GBX 310 ($4.05) to GBX 350 ($4.57) and gave the stock a “buy” rating in a research note on Monday, August 12th. Morgan Stanley upgraded shares of Mitchells & Butlers to an “overweight” rating and increased their price target for the stock from GBX 280 ($3.66) to GBX 430 ($5.62) in a research note on Monday, September 9th. Berenberg Bank reiterated a “buy” rating on shares of Mitchells & Butlers in a research note on Monday, August 5th. Shore Capital reiterated a “hold” rating on shares of Mitchells & Butlers in a research note on Wednesday, July 31st. Finally, Canaccord Genuity upgraded shares of Mitchells & Butlers to a “buy” rating and raised their target price for the stock from GBX 300 ($3.92) to GBX 400 ($5.23) in a research note on Wednesday, August 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 349.55 ($4.57).
About Mitchells & Butlers
Mitchells & Butlers plc manages pubs, bars, and restaurants in the United Kingdom and Germany. It operates its pubs and restaurants under the Harvester, Toby Carvery, All Bar One, Miller & Carter, Premium Country Pubs, Sizzling Pubs, Stonehouse, Vintage Inns, Browns, Castle, Nicholson's, O'Neill's, Innkeeper's Lodge, Alex, and Ember Inns brands and formats.
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