Whitbread (LON:WTB) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Whitbread shares moved above their 200-day moving average, reaching GBX 2,522 before closing at GBX 2,460, near the GBX 2,462.89 average.
• Analyst sentiment is broadly positive: five analysts rate the stock a Buy and three rate it a Hold, producing a “Moderate Buy” consensus. Recent price targets range from GBX 2,280 to GBX 3,700.
• Insider Dominic Paul bought 717 shares at GBX 2,410 each, while Whitbread operates the Premier Inn hotel brand across the UK and Germany.

Whitbread plc (LON:WTB - Get Free Report)'s share price crossed 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.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Shore Capital Group reaffirmed a "buy" rating and set a GBX 3,700 price target on shares of Whitbread in a report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of 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. Citigroup cut their price objective on shares of Whitbread from £330 to £310 and set a "buy" rating for the company in a research report on Friday, June 19th. Berenberg Bank restated a "hold" rating and issued a GBX 2,280 target price on shares of Whitbread in a research note on Monday, June 22nd. Finally, 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. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 6,523.12.

Whitbread Stock Down 2.3%

The stock has a market cap of £4.11 billion, a price-to-earnings ratio of 20.10, a P/E/G ratio of -3.09 and a beta of 0.65. The company has a current ratio of 0.44, a quick ratio of 1.74 and a debt-to-equity ratio of 174.28. The firm's 50 day moving average is GBX 2,412.83 and its two-hundred day moving average is GBX 2,462.89.

Insider Activity at Whitbread

In other news, insider Dominic Paul acquired 717 shares of the business's stock in a transaction dated Friday, July 3rd. The shares were bought at an average cost of GBX 2,410 per share, for a total transaction of £17,279.70. 0.42% of the stock is currently owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source