Whitbread plc (LON:WTB – Get Free Report)’s share price crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 2,395.33 and traded as low as GBX 2,353. Whitbread shares last traded at GBX 2,367, with a volume of 421,553 shares traded.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the stock. Jefferies Financial Group lifted their price objective on shares of Whitbread from GBX 2,050 to GBX 2,250 and gave the company a “hold” rating in a research note on Wednesday, August 26th. UBS Group reaffirmed a “buy” rating and issued a GBX 2,975 target price on shares of Whitbread in a report on Friday, June 12th. Shore Capital Group reissued a “buy” rating and set a GBX 3,700 price target on shares of Whitbread in a report on Thursday, June 18th. Berenberg Bank reissued a “hold” rating and set a GBX 2,280 price target on shares of Whitbread in a report on Monday, June 22nd. Finally, Citigroup raised their price objective on Whitbread from GBX 3,100 to GBX 3,300 and gave the company a “buy” rating in a research note on Friday, August 21st. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,970.56.
Read Our Latest Stock Analysis on Whitbread
Whitbread Price Performance
Insider Buying and Selling at Whitbread
In other news, insider Shelley Roberts bought 485 shares of the stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price of GBX 2,456 per share, with a total value of £11,911.60. Also, insider Dominic Paul bought 717 shares of the company’s stock in a transaction on Friday, July 3rd. The stock was purchased at an average price of GBX 2,410 per share, with a total value of £17,279.70. Company 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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