Whitbread plc (LON:WTB - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,737.79 ($37.07) and traded as high as GBX 2,780 ($37.64). Whitbread shares last traded at GBX 2,758 ($37.34), with a volume of 559,095 shares changing hands.
Analysts Set New Price Targets
A number of research firms recently weighed in on WTB. Shore Capital restated a "buy" rating on shares of Whitbread in a report on Thursday, May 1st. JPMorgan Chase & Co. downgraded Whitbread to a "neutral" rating in a report on Friday, March 7th. Finally, Citigroup decreased their price target on Whitbread from GBX 3,700 ($50.09) to GBX 3,300 ($44.68) and set a "buy" rating for the company in a report on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Whitbread currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 2,860 ($38.72).
Read Our Latest Analysis on Whitbread
Whitbread Stock Performance
The company has a debt-to-equity ratio of 33.18, a quick ratio of 1.74 and a current ratio of 0.96. The stock has a fifty day simple moving average of GBX 2,750.93 and a two-hundred day simple moving average of GBX 2,736.60. The stock has a market capitalization of £4.87 billion, a price-to-earnings ratio of 21.10, a P/E/G ratio of -3.09 and a beta of 1.11.
Whitbread (LON:WTB - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported GBX 194.60 ($2.63) earnings per share (EPS) for the quarter. Whitbread had a net margin of 8.08% and a return on equity of 6.83%. Analysts forecast that Whitbread plc will post 227.1851852 earnings per share for the current fiscal year.
Whitbread declared that its board has initiated a share buyback program on Thursday, May 1st that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.
Insider Transactions at Whitbread
In related news, insider Hemant Patel sold 2,607 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of GBX 2,790 ($37.77), for a total value of £72,735.30 ($98,477.25). Also, insider Kal Atwal purchased 269 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was acquired at an average cost of GBX 2,843 ($38.49) per share, for a total transaction of £7,647.67 ($10,354.28). Insiders own 1.03% of the company's stock.
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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