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

Key Points

• Whitbread plc's stock price has crossed above its 200-day moving average, indicating potential positive momentum, with current trading at GBX 3,103 ($41.91).
• Analysts maintain a consensus rating of "Moderate Buy" for Whitbread shares, with target prices varying from GBX 3,500 to GBX 3,800.
• Whitbread operates over 850 hotels in the UK and has a growing presence in Germany, employing over 38,000 team members.

Whitbread plc (LON:WTB - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,803.31 ($37.86) and traded as high as GBX 3,116 ($42.09). Whitbread shares last traded at GBX 3,103 ($41.91), with a volume of 43,856,461 shares changing hands.

Analyst Ratings Changes

A number of analysts have weighed in on WTB shares. Berenberg Bank decreased their target price on shares of 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 increased their target price on shares of Whitbread from GBX 3,600 to GBX 3,800 and gave the company a "buy" rating in a research report on Thursday, August 21st. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Whitbread presently has a consensus rating of "Moderate Buy" and an average target price of GBX 3,650.

Whitbread Price Performance

The stock has a market capitalization of £5.40 billion, a P/E ratio of 2,206.97, a PEG ratio of -3.09 and a beta of 1.11. The business has a fifty day simple moving average of GBX 3,076.09 and a 200-day simple moving average of GBX 2,803.31. The company has a debt-to-equity ratio of 33.18, a quick ratio of 1.74 and a current ratio of 0.96.

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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