Whitbread (LON:WTB) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Whitbread plc (LON:WTB)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,711.93 and traded as low as GBX 2,314. Whitbread shares last traded at GBX 2,328, with a volume of 70,384,344 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on WTB shares. Citigroup increased their price target on shares of Whitbread from GBX 3,100 to GBX 3,300 and gave the stock a “buy” rating in a report on Thursday, January 15th. Berenberg Bank lowered shares of Whitbread to a “hold” rating and set a GBX 2,900 price target on the stock. in a report on Monday, January 19th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Whitbread from GBX 2,550 to GBX 2,500 and set a “neutral” rating on the stock in a report on Monday, March 30th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Whitbread currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,119.17.

Whitbread Stock Performance

The company has a current ratio of 0.66, a quick ratio of 1.74 and a debt-to-equity ratio of 178.99. The company’s fifty day moving average is GBX 2,524.17 and its 200 day moving average is GBX 2,704.95. The company has a market cap of £4.14 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of -3.09 and a beta of 0.66.

Insider Buying and Selling at Whitbread

In other Whitbread news, insider Kal Atwal bought 462 shares of Whitbread stock in a transaction that occurred on Wednesday, February 18th. The shares were bought at an average price of GBX 2,737 per share, with a total value of £12,644.94. Also, insider Christine Mary Hodgson bought 7,750 shares of Whitbread stock in a transaction that occurred on Monday, February 16th. The shares were acquired at an average cost of GBX 2,706 per share, for a total transaction of £209,715. 0.40% of the stock is currently owned by company insiders.

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.