Whitbread (LON:WTB) Shares Cross Above 200 Day Moving Average - What's Next?

Key Points

• Whitbread shares crossed above their 200-day moving average, reaching GBX 2,557 and last trading at GBX 2,551, compared with the 200-day average of GBX 2,397.22.
• Analyst sentiment is positive overall, with five Buy ratings and four Holds; the consensus rating is Moderate Buy and the average price target is GBX 2,970.56.
• The company has a £4.26 billion market capitalization and recently saw insider buying, with Shelley Roberts purchasing 485 shares at GBX 2,456 each.

Shares of Whitbread plc (LON:WTB - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of GBX 2,397.22 and traded as high as GBX 2,557. Whitbread shares last traded at GBX 2,551, with a volume of 1,384,925 shares.

Analyst Upgrades and Downgrades

WTB has been the subject of a number of research reports. UBS Group reissued a "buy" rating and issued a GBX 2,975 price target on shares of Whitbread in a report on Friday, June 12th. Jefferies Financial Group boosted their price objective on shares of Whitbread from GBX 2,050 to GBX 2,250 and gave the stock a "hold" rating in a report on Wednesday, August 26th. Berenberg Bank reaffirmed a "hold" rating and set a GBX 2,280 price objective on shares of Whitbread in a research report on Monday, June 22nd. Citigroup increased their target price on shares of Whitbread from GBX 3,100 to GBX 3,300 and gave the company a "buy" rating in a research note on Friday, August 21st. Finally, Shore Capital Group reissued a "buy" rating and set a GBX 3,700 target price on shares of Whitbread in a research report on Thursday, June 18th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of GBX 2,970.56.

Whitbread Stock Performance

The stock has a market capitalization of £4.26 billion, a P/E ratio of 20.84, a PEG ratio of -3.09 and a beta of 0.65. The firm has a 50-day moving average of GBX 2,422.52 and a 200 day moving average of GBX 2,397.22. The company has a quick ratio of 1.74, a current ratio of 0.44 and a debt-to-equity ratio of 174.28.

Insider Buying and Selling at Whitbread

In other Whitbread news, insider Shelley Roberts bought 485 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average price of GBX 2,456 per share, with a total value of £11,911.60. Company insiders own 0.42% of the company's stock.

Whitbread Company Profile

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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