Insider Buying: Mitchells & Butlers plc (LON:MAB) Insider Buys 23,036 Shares of Stock

Mitchells & Butlers plc (LON:MAB) insider Phil Urban acquired 23,036 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were bought at an average price of GBX 258 ($3.45) per share, for a total transaction of £59,432.88 ($79,466.35).

Shares of Mitchells & Butlers plc (MAB) traded down GBX 2.30 ($0.03) during mid-day trading on Tuesday, hitting GBX 280.80 ($3.75). 307,033 shares of the stock traded hands, compared to its average volume of 430,593. The company has a market capitalization of $1,170.00 and a P/E ratio of 1,872.00. Mitchells & Butlers plc has a 52 week low of GBX 219.90 ($2.94) and a 52 week high of GBX 284.80 ($3.81).

The firm also recently announced a dividend, which will be paid on Tuesday, February 6th. Investors of record on Thursday, December 14th will be given a GBX 5 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a yield of 1.99%. This is an increase from Mitchells & Butlers’s previous dividend of $2.50.

MAB has been the topic of several research analyst reports. Peel Hunt reaffirmed an “add” rating and set a GBX 300 ($4.01) price objective on shares of Mitchells & Butlers in a research note on Thursday, November 23rd. Deutsche Bank reiterated a “hold” rating and set a GBX 245 ($3.28) target price on shares of Mitchells & Butlers in a research report on Wednesday, October 18th. Canaccord Genuity reiterated a “hold” rating and set a GBX 240 ($3.21) target price on shares of Mitchells & Butlers in a research report on Friday, September 22nd. Shore Capital restated a “hold” rating on shares of Mitchells & Butlers in a report on Thursday, September 21st. Finally, Numis Securities restated a “hold” rating and issued a GBX 255 ($3.41) price objective on shares of Mitchells & Butlers in a report on Thursday, November 23rd. Three equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. Mitchells & Butlers presently has an average rating of “Hold” and an average target price of GBX 255.50 ($3.42).

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Mitchells & Butlers Company Profile

Mitchells & Butlers plc is an operator of managed restaurants and pubs. The Company’s portfolio of brands and formats includes Harvester, Toby Carvery, All Bar One, Miller & Carter, Premium Country Pubs, Sizzling Pubs, Crown Carveries, Stonehouse, Vintage Inns, Browns, Castle, Nicholson’s, O’Neill’s and Ember Inns.

Insider Buying and Selling by Quarter for Mitchells & Butlers (LON:MAB)

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