Whitbread (LON:WTB) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Whitbread plc (LON:WTB)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,962.49 ($39.51) and traded as high as GBX 3,138 ($41.85). Whitbread shares last traded at GBX 3,110.11 ($41.48), with a volume of 71,224,914 shares.

Analysts Set New Price Targets

Several analysts have commented on WTB shares. Citigroup lifted their price target on Whitbread from GBX 3,600 to GBX 3,800 and gave the company a “buy” rating in a report on Thursday, August 21st. JPMorgan Chase & Co. boosted their price target on Whitbread from GBX 2,800 to GBX 2,900 and gave the company a “neutral” rating in a research report on Friday, October 17th. Shore Capital reaffirmed a “buy” rating on shares of Whitbread in a research note on Thursday, October 16th. Berenberg Bank reduced their price objective on Whitbread from GBX 3,900 to GBX 3,500 and set a “buy” rating on the stock in a research note on Wednesday, July 9th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 3,500 price target on shares of Whitbread in a report on Thursday, October 16th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Whitbread has a consensus rating of “Moderate Buy” and an average target price of GBX 3,425.

Whitbread Trading Down 0.6%

The company has a debt-to-equity ratio of 33.18, a quick ratio of 1.74 and a current ratio of 0.96. The business has a fifty day simple moving average of GBX 3,148.92 and a 200 day simple moving average of GBX 2,962.49. The company has a market cap of £5.36 billion, a P/E ratio of 22.12, a P/E/G ratio of -3.09 and a beta of 1.11.

Whitbread (LON:WTB) last issued its earnings results on Thursday, October 16th. The company reported GBX 133.70 earnings per share (EPS) for the quarter. Whitbread had a net margin of 8.08% and a return on equity of 6.83%. Analysts anticipate that Whitbread plc will post 227.1851852 earnings per share for the current fiscal year.

Insider Buying and Selling at Whitbread

In related news, insider Richard Gillingwater acquired 500 shares of the business’s stock in a transaction on Tuesday, October 21st. The shares were purchased at an average price of GBX 2,974 per share, for a total transaction of £14,870. Also, insider Christine Mary Hodgson bought 10,000 shares of Whitbread stock in a transaction dated Friday, October 17th. The stock was acquired at an average price of GBX 2,880 per share, with a total value of £288,000. 0.37% of the stock is currently owned by company 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.