Shares in Mitchells & Butlers (MAB.L) have fallen dramatically from recent highs of 470.5p. Will it continue, or is this an opportunity to pick up a bargain?

• Now trading at 408.79p (at time of writing). A return to previous highs would represent a rise of 15%.
• This stock is one of the most significant fallers in the period.
• Is the trend your friend, or is a bounce imminent?
• The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
• Bargain hunters should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
• Shares -13% from 12-month highs; +71% from 12 month lows.

Latest News

10 Jan:  Barclays Capital reiterates its underweight rating on Mitchells & Butlers (MAB) and increased the target price to 405p (from 260p).

09 Jan:  Mitchells & Butlers announced that trading had been good over the three-week Christmas period, seeing 5.6% sales growth.

16 Dec:  HSBC has downgraded its rating on Mitchells & Butlers (MAB) to hold (from buy) and increased the target price to 435p  (from 350p).

02 Dec:  Phil Urban, CEO, has transferred in 14,320 shares in the firm on the 29th November 2019. This Director currently has 307,631 shares.

02 Dec:  Phil Urban, CEO, sold 6,744 shares in the firm on the 29th November 2019 at a price of 448.64p. This Director currently has 300,887 shares.

27 Nov:  Berenberg has downgraded its rating on Mitchells & Butlers (MAB) to hold (from buy) and increased the target price to 480p  (from 360p).

25 Nov:  Tim Jones, Financial Director, sold post-exercise 59,519 shares in the firm on the 22nd November 2019 at a price of 452.37p. This Director currently has 146,933 shares.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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