Whitbread plc (LON:WTB - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,750.05 ($37.01) and traded as high as GBX 2,860 ($38.49). Whitbread shares last traded at GBX 2,847 ($38.32), with a volume of 450,603 shares changing hands.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. Shore Capital restated a "buy" rating on shares of Whitbread in a report on Thursday, May 1st. JPMorgan Chase & Co. lowered Whitbread to a "neutral" rating in a research report on Friday, March 7th. Finally, Citigroup lowered their price target on Whitbread from GBX 3,700 ($49.80) to GBX 3,300 ($44.41) and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of GBX 2,860 ($38.49).
Read Our Latest Stock Report on Whitbread
Whitbread Price Performance
The company has a 50 day moving average of GBX 2,631.47 and a 200-day moving average of GBX 2,743.14. The firm has a market capitalization of £5.17 billion, a P/E ratio of 22.38, a P/E/G ratio of -3.09 and a beta of 1.11. The company has a current ratio of 0.96, a quick ratio of 1.74 and a debt-to-equity ratio of 33.18.
Whitbread (LON:WTB - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported GBX 194.60 ($2.62) earnings per share for the quarter. Whitbread had a return on equity of 6.83% and a net margin of 8.08%. On average, sell-side analysts predict that Whitbread plc will post 227.1851852 EPS for the current year.
Whitbread declared that its board has approved a share repurchase program on Thursday, May 1st that allows the company to buyback 0 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board believes its shares are undervalued.
Insider Transactions at Whitbread
In other Whitbread news, insider Hemant Patel sold 2,607 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of GBX 2,790 ($37.55), for a total value of £72,735.30 ($97,894.08). Also, insider Dominic Paul sold 3,206 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of GBX 2,790 ($37.55), for a total value of £89,447.40 ($120,386.81). 1.03% of the stock is owned by insiders.
About Whitbread
(
Get Free Report)
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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