Whitbread (LON:WTB) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Whitbread plc's stock has surpassed its 200-day moving average of GBX 2,825.23, recently trading at GBX 3,136 ($42.66).
• Analysts have mixed reviews; Berenberg Bank lowered their price target to GBX 3,500, while Citigroup raised it to GBX 3,800, with an overall average price target of GBX 3,650.
• The company, which owns the UK's largest hotel brand Premier Inn, has a market cap of £5.43 billion and employs over 38,000 team members across its hotels.

Whitbread plc (LON:WTB - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,825.23 ($38.07) and traded as high as GBX 3,159 ($42.56). Whitbread shares last traded at GBX 3,136 ($42.25), with a volume of 178,756 shares.

Analysts Set New Price Targets

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

Whitbread Price Performance

The stock's fifty day moving average is GBX 3,114.58 and its 200-day moving average is GBX 2,837.30. The company has a debt-to-equity ratio of 33.18, a current ratio of 0.96 and a quick ratio of 1.74. The stock has a market cap of £5.45 billion, a PE ratio of 2,243.95, a price-to-earnings-growth ratio of -3.09 and a beta of 1.11.

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.