Whitbread (LON:WTB) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Whitbread plc (LON:WTB)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,482.90 and traded as low as GBX 2,276. Whitbread shares last traded at GBX 2,330.32, with a volume of 29,911,199 shares changing hands.

Analysts Set New Price Targets

Several research firms recently commented on WTB. Berenberg Bank reiterated a “hold” rating and issued a GBX 2,280 price target on shares of Whitbread in a research report on Monday, June 22nd. UBS Group reaffirmed a “buy” rating and issued a GBX 2,975 price objective on shares of Whitbread in a research note on Friday, June 12th. Citigroup dropped their target price on Whitbread from £330 to £310 and set a “buy” rating for the company in a report on Friday, June 19th. JPMorgan Chase & Co. cut their target price on Whitbread from GBX 2,550 to GBX 2,500 and set a “neutral” rating on the stock in a research report on Monday, March 30th. Finally, Shore Capital Group restated a “buy” rating and set a GBX 3,700 price target on shares of Whitbread in a report on Thursday, June 18th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 6,523.12.

Whitbread Trading Up 0.5%

The company has a quick ratio of 1.74, a current ratio of 0.44 and a debt-to-equity ratio of 174.28. The firm has a market cap of £4.00 billion, a P/E ratio of 19.54, a P/E/G ratio of -3.09 and a beta of 0.65. The company’s 50 day simple moving average is GBX 2,372.98 and its 200-day simple moving average is GBX 2,481.58.

Whitbread (LON:WTB) last released its earnings results on Thursday, April 30th. The company reported GBX 123.30 EPS for the quarter. Whitbread had a return on equity of 6.73% and a net margin of 7.29%.The firm had revenue of GBX 292.02 billion for the quarter. As a group, research analysts predict that Whitbread plc will post 227.1851852 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Dominic Paul bought 717 shares of the stock in a transaction dated Friday, July 3rd. The stock was purchased at an average cost of GBX 2,410 per share, with a total value of £17,279.70. Also, insider Shelley Roberts purchased 1,290 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was bought at an average price of GBX 2,309 per share, for a total transaction of £29,786.10. 0.42% of the stock is currently owned by 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.