Whitbread (LON:WTB) Shares Pass Above 200 Day Moving Average – What’s Next?

Whitbread plc (LON:WTB) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,448.83 and traded as high as GBX 2,467. Whitbread shares last traded at GBX 2,458, with a volume of 56,572,043 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on WTB shares. Citigroup boosted their price target on shares of Whitbread from GBX 3,100 to GBX 3,300 and gave the company a “buy” rating in a research report on Friday. UBS Group reiterated a “buy” rating and issued a GBX 2,975 price objective on shares of Whitbread in a research note on Friday, June 12th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Whitbread from GBX 2,815 to GBX 2,530 and set a “hold” rating on the stock in a report on Wednesday, May 6th. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 3,700 price target on shares of Whitbread in a report on Thursday, June 18th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 2,280 price target on shares of Whitbread in a research report on Monday, June 22nd. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Whitbread has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,060.62.

Whitbread Stock Performance

The stock has a market capitalization of £4.05 billion, a PE ratio of 19.80, a P/E/G ratio of -3.09 and a beta of 0.65. The company has a debt-to-equity ratio of 174.28, a current ratio of 0.44 and a quick ratio of 1.74. The business’s fifty day moving average price is GBX 2,432.95 and its 200-day moving average price is GBX 2,446.76.

Insider Buying and Selling

In other news, insider Dominic Paul bought 717 shares of the stock in a transaction on Friday, July 3rd. The shares were acquired at an average cost of GBX 2,410 per share, for a total transaction of £17,279.70. Also, insider Shelley Roberts bought 485 shares of the stock in a transaction on Tuesday, August 11th. The stock was purchased at an average price of GBX 2,456 per share, for a total transaction of £11,911.60. Corporate insiders own 0.42% of the company’s stock.

About Whitbread

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.