Whitbread (LON:WTB) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Whitbread plc (LON:WTB)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,474.88 and traded as high as GBX 2,535. Whitbread shares last traded at GBX 2,510, with a volume of 318,314 shares.

Analysts Set New Price Targets

Several research firms have recently commented on WTB. Berenberg Bank reissued a “hold” rating and issued a GBX 2,280 price objective on shares of Whitbread in a report on Monday, June 22nd. UBS Group reiterated a “buy” rating and issued a GBX 2,975 price target on shares of Whitbread in a research note on Friday, June 12th. Citigroup decreased their price objective on shares of Whitbread from £330 to £310 and set a “buy” rating for the company in a research report on Friday, June 19th. Shore Capital Group restated a “buy” rating and set a GBX 3,700 price objective on shares of Whitbread in a research note on Thursday, June 18th. Finally, Deutsche Bank Aktiengesellschaft dropped 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. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Whitbread presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 6,523.12.

Whitbread Price Performance

The company has a current ratio of 0.44, a quick ratio of 1.74 and a debt-to-equity ratio of 174.28. The company has a market capitalization of £4.20 billion, a P/E ratio of 20.51, a P/E/G ratio of -3.09 and a beta of 0.65. The company has a 50 day moving average price of GBX 2,397.20 and a 200 day moving average price of GBX 2,474.88.

Whitbread (LON:WTB) last posted its quarterly earnings results on Thursday, April 30th. The company reported GBX 123.30 earnings per share for the quarter. Whitbread had a return on equity of 6.73% and a net margin of 7.29%.The business had revenue of GBX 292.02 billion for the quarter. On average, equities analysts predict that Whitbread plc will post 227.1851852 EPS for the current fiscal year.

Insider Buying and Selling at Whitbread

In related news, insider Shelley Roberts acquired 1,290 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were purchased at an average cost of GBX 2,309 per share, for a total transaction of £29,786.10. Also, insider Dominic Paul acquired 717 shares of the company’s stock in a transaction dated Friday, July 3rd. The stock was bought at an average cost of GBX 2,410 per share, for a total transaction of £17,279.70. 0.42% of the stock is owned by insiders.

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.