Whitbread plc (LON:WTB – Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,462.89 and traded as high as GBX 2,522. Whitbread shares last traded at GBX 2,460, with a volume of 734,328 shares.
Analysts Set New Price Targets
WTB has been the topic of several research analyst reports. Citigroup reduced their price target on shares of Whitbread from £330 to £310 and set a “buy” rating on the stock in a research report on Friday, June 19th. Shore Capital Group reissued a “buy” rating and issued a GBX 3,700 price objective on shares of Whitbread in a report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft cut their price objective on Whitbread from GBX 2,815 to GBX 2,530 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 2,280 target price on shares of Whitbread in a report on Monday, June 22nd. Finally, UBS Group reiterated a “buy” rating and issued a GBX 2,975 price target on shares of Whitbread in a report on Friday, June 12th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Whitbread presently has an average rating of “Moderate Buy” and a consensus target price of GBX 6,523.12.
Check Out Our Latest Analysis on Whitbread
Whitbread Stock Up 0.6%
Insider Buying and Selling
In other news, insider Dominic Paul bought 717 shares of the company’s stock in a transaction that occurred on Friday, July 3rd. The shares were purchased at an average price of GBX 2,410 per share, with a total value of £17,279.70. Also, insider Shelley Roberts bought 485 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average cost 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.
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