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

Mitchells & Butlers plc (LON:MAB)’s share price reached a new 52-week low on Monday . The company traded as low as GBX 209.96 ($2.71) and last traded at GBX 210.77 ($2.73), with a volume of 324393 shares. The stock had previously closed at GBX 218.50 ($2.83).

Wall Street Analyst Weigh In

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

Mitchells & Butlers Price Performance

The firm has a market capitalization of £1.25 billion, a P/E ratio of 27.91, a P/E/G ratio of 2.76 and a beta of 1.71. The stock’s fifty day simple moving average is GBX 226.51 and its 200 day simple moving average is GBX 247.42. The company has a debt-to-equity ratio of 63.56, a current ratio of 0.46 and a quick ratio of 0.46.

Insider Transactions at Mitchells & Butlers

In other Mitchells & Butlers news, insider Timothy (Tim) Charles Jones sold 13,429 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of GBX 241 ($3.12), for a total value of £32,363.89 ($41,846.25). Insiders have bought a total of 179 shares of company stock valued at $41,478 in the last 90 days. Insiders own 57.51% of the company’s stock.

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.