Phil Urban Buys 23,036 Shares of Mitchells & Butlers plc (MAB) Stock

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

Shares of Mitchells & Butlers plc (LON MAB) remained flat at $GBX 274 ($3.66) during trading hours on Wednesday. The company has a market cap of $1,160.00 and a price-to-earnings ratio of 1,826.67. Mitchells & Butlers plc has a 1-year low of GBX 219.90 ($2.94) and a 1-year high of GBX 280 ($3.74).

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

Several research analysts recently issued reports on the stock. Liberum Capital reiterated a “sell” rating and issued a GBX 210 ($2.81) price target on shares of Mitchells & Butlers in a research note on Wednesday, December 13th. HSBC reduced their price objective on shares of Mitchells & Butlers from GBX 265 ($3.54) to GBX 260 ($3.48) and set a “hold” rating for the company in a research note on Wednesday, December 6th. JPMorgan Chase & Co. reduced their price objective on shares of Mitchells & Butlers from GBX 280 ($3.74) to GBX 270 ($3.61) and set a “neutral” rating for the company in a research note on Tuesday, December 5th. Canaccord Genuity raised their price objective on shares of Mitchells & Butlers from GBX 240 ($3.21) to GBX 260 ($3.48) and gave the company a “hold” rating in a research note on Monday, December 4th. Finally, Peel Hunt restated an “add” rating and set a GBX 300 ($4.01) price objective on shares of Mitchells & Butlers in a research note on Friday, December 1st. Three research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. Mitchells & Butlers has a consensus rating of “Hold” and a consensus target price of GBX 255.50 ($3.42).

TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Week Herald and is the sole property of of Week Herald. If you are viewing this piece of content on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://weekherald.com/2017/12/27/mitchells-butlers-plc-mab-insider-phil-urban-buys-23036-shares-of-stock.html.

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)

Receive News & Ratings for Mitchells & Butlers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitchells & Butlers and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply