Mitchells & Butlers (LON:MAB) Reaches New 52-Week Low – Time to Sell?

Mitchells & Butlers plc (LON:MAB) reached a new 52-week low on Wednesday . The company traded as low as GBX 220 ($2.74) and last traded at GBX 222.49 ($2.77), with a volume of 28623 shares trading hands. The stock had previously closed at GBX 222.50 ($2.77).

Wall Street Analyst Weigh In

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

Mitchells & Butlers Stock Performance

The stock has a 50 day moving average of GBX 239.28 and a 200 day moving average of GBX 266.89. The company has a quick ratio of 0.46, a current ratio of 0.47 and a debt-to-equity ratio of 78.60. The firm has a market cap of £1.38 billion, a price-to-earnings ratio of 3,328.50, a P/E/G ratio of 2.76 and a beta of 1.71.

Mitchells & Butlers (LON:MAB) last issued its earnings results on Wednesday, November 27th. The company reported GBX 26.40 ($0.33) EPS for the quarter. Mitchells & Butlers had a net margin of 1.72% and a return on equity of 2.05%. As a group, analysts anticipate that Mitchells & Butlers plc will post 26.6341463 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Timothy (Tim) Charles Jones sold 13,429 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of GBX 241 ($3.00), for a total value of £32,363.89 ($40,248.59). Also, insider Phil Urban sold 106,910 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of GBX 246 ($3.06), for a total transaction of £262,998.60 ($327,072.01). Over the last three months, insiders acquired 1,477 shares of company stock worth $362,274 and sold 148,948 shares worth $36,688,499. Corporate 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.