Whitbread (LON:WTB) Stock Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• Whitbread plc shares have recently crossed above their 200-day moving average, achieving a high of GBX 3,175 ($42.94) during trading.
• Analyst ratings reflect a consensus of Moderate Buy for the stock, with a current average price target of GBX 3,650.
• The company operates over 850 hotels under the Premier Inn brand, with a significant presence in Germany, employing more than 38,000 team members.

Shares of Whitbread plc (LON:WTB - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,848.10 ($38.52) and traded as high as GBX 3,175 ($42.94). Whitbread shares last traded at GBX 3,160 ($42.74), with a volume of 371,418 shares traded.

Analyst Ratings Changes

Several analysts recently weighed in on WTB shares. Berenberg Bank dropped their price objective on Whitbread from GBX 3,900 to GBX 3,500 and set a "buy" rating for the company in a research report on Wednesday, July 9th. Citigroup upped their price objective on Whitbread from GBX 3,600 to GBX 3,800 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of GBX 3,650.

Whitbread Trading Down 1.0%

The company has a market cap of £5.41 billion, a price-to-earnings ratio of 2,225.76, a PEG ratio of -3.09 and a beta of 1.11. The firm has a 50 day moving average price of GBX 3,118.41 and a two-hundred day moving average price of GBX 2,848.10. The company has a quick ratio of 1.74, a current ratio of 0.96 and a debt-to-equity ratio of 33.18.

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.

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