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

Key Points

• Whitbread shares moved above their 200-day moving average, reaching GBX 2,467 and last trading at GBX 2,458, with unusually high volume of 56.6 million shares.
• Analyst sentiment is broadly positive, with five Buy ratings and three Holds, producing a “Moderate Buy” consensus. Recent price targets range from GBX 2,280 to GBX 3,700.
• Company insiders recently bought shares, including purchases by Shelley Roberts and Dominic Paul totaling nearly £29,200; insiders own 0.42% of Whitbread.

Whitbread plc (LON:WTB - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,448.83 and traded as high as GBX 2,467. Whitbread shares last traded at GBX 2,458, with a volume of 56,572,043 shares changing hands.

Analyst Upgrades and Downgrades

WTB has been the topic of several recent research reports. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 2,280 price objective on shares of Whitbread in a research note on Monday, June 22nd. Deutsche Bank Aktiengesellschaft cut their target price on shares of Whitbread from GBX 2,815 to GBX 2,530 and set a "hold" rating for the company in a research note on Wednesday, May 6th. UBS Group restated a "buy" rating and issued a GBX 2,975 price target on shares of Whitbread in a research report on Friday, June 12th. Citigroup dropped their price target on Whitbread from £330 to £310 and set a "buy" rating on the stock in a report on Friday, June 19th. Finally, Shore Capital Group reiterated a "buy" rating and set a GBX 3,700 price objective on shares of Whitbread in a research report on Thursday, June 18th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Whitbread currently has an average rating of "Moderate Buy" and an average price target of GBX 6,523.12.

Whitbread Price Performance

The stock has a 50 day moving average of GBX 2,430.71 and a two-hundred day moving average of GBX 2,448.83. The stock has a market cap of £4.11 billion, a PE ratio of 20.08, a PEG ratio of -3.09 and a beta of 0.65. The company has a debt-to-equity ratio of 174.28, a quick ratio of 1.74 and a current ratio of 0.44.

Insider Activity

In other news, insider Shelley Roberts purchased 485 shares of the business's stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of GBX 2,456 per share, for a total transaction of £11,911.60. Also, insider Dominic Paul purchased 717 shares of the business's stock in a transaction dated Friday, July 3rd. The shares were purchased at an average price of GBX 2,410 per share, for a total transaction 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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