Whitbread (LON:WTB) Shares Pass Above 200-Day Moving Average - Here's Why

Key Points

• Whitbread plc's stock price has surpassed its 200-day moving average of GBX 2,873.37, currently trading around GBX 3,219.46 ($43.40).
• Recently, Citigroup raised their price target for Whitbread from GBX 3,600 to GBX 3,800 while maintaining a "buy" rating, reflecting positive growth predictions among analysts.
• Whitbread operates the UK's largest hotel brand, Premier Inn, with over 86,000 rooms in more than 850 hotels, expanding its footprint in Germany.

Whitbread plc (LON:WTB - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,873.37 ($38.74) and traded as high as GBX 3,241 ($43.69). Whitbread shares last traded at GBX 3,219.46 ($43.40), with a volume of 289,370 shares trading hands.

Wall Street Analysts Forecast Growth

WTB has been the subject of a number of recent research reports. Citigroup lifted their price objective on Whitbread from GBX 3,600 to GBX 3,800 and gave the company a "buy" rating in a research note on Thursday, August 21st. Berenberg Bank reduced their target price on Whitbread from GBX 3,900 to GBX 3,500 and set a "buy" rating for the company in a report on Wednesday, July 9th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of GBX 3,650.

Whitbread Stock Down 0.0%

The company has a quick ratio of 1.74, a current ratio of 0.96 and a debt-to-equity ratio of 33.18. The company has a fifty day moving average of GBX 3,123.64 and a 200 day moving average of GBX 2,873.37. The company has a market cap of £5.56 billion, a P/E ratio of 2,289.80, a price-to-earnings-growth ratio of -3.09 and a beta of 1.11.

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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