Whitbread (LON:WTB) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Whitbread plc (LON:WTB) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 2,397.22 and traded as high as GBX 2,557. Whitbread shares last traded at GBX 2,551, with a volume of 1,384,925 shares.

Analysts Set New Price Targets

A number of research analysts recently commented on WTB shares. Jefferies Financial Group upped their price objective on Whitbread from GBX 2,050 to GBX 2,250 and gave the company a “hold” rating in a report on Wednesday, August 26th. Citigroup raised their target price on Whitbread from GBX 3,100 to GBX 3,300 and gave the stock a “buy” rating in a research note on Friday, August 21st. Shore Capital Group restated a “buy” rating and issued a GBX 3,700 target price on shares of Whitbread in a research report on Thursday, June 18th. Berenberg Bank reiterated a “hold” rating and set a GBX 2,280 price target on shares of Whitbread in a report on Monday, June 22nd. Finally, UBS Group reissued a “buy” rating and set a GBX 2,975 price objective on shares of Whitbread in a research report on Friday, June 12th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 2,970.56.

Whitbread Trading Down 1.1%

The company has a quick ratio of 1.74, a current ratio of 0.44 and a debt-to-equity ratio of 174.28. The business has a 50-day simple moving average of GBX 2,421.44 and a 200-day simple moving average of GBX 2,398.34. The company has a market cap of £4.09 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of -3.09 and a beta of 0.65.

Insider Activity

In other news, insider Shelley Roberts bought 485 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average price of GBX 2,456 per share, with a total value of £11,911.60. Corporate insiders own 0.42% of the company’s stock.

Whitbread Company Profile

Whitbread is the owner of Premier Inn, the UK’s biggest
hotel brand, with 86,000 rooms in over 850 hotels
and a growing presence in Germany with 10,500 rooms in
59 hotels, offering quality accommodation at affordable
prices in great locations.

People are at the heart of our business. We employ over
38,000 team members in over 900 Premier Inn hotels
across the UK and Germany.