Whitbread (LON:WTB) Stock Passes Above Two Hundred Day Moving Average of $2,724.85

Whitbread plc (LON:WTB – Get Rating)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,724.85 ($33.21) and traded as high as GBX 2,906 ($35.42). Whitbread shares last traded at GBX 2,811 ($34.26), with a volume of 806,435 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on WTB shares. Shore Capital reissued a “buy” rating on shares of Whitbread in a report on Thursday, December 15th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 4,200 ($51.19) target price on shares of Whitbread in a report on Monday, January 16th. Numis Securities restated a “buy” rating and issued a GBX 3,510 ($42.78) price target on shares of Whitbread in a research note on Wednesday, February 1st. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 3,500 ($42.66) price target on shares of Whitbread in a research note on Tuesday, February 14th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 3,690 ($44.97).

Whitbread Stock Performance

The company has a market cap of £5.68 billion, a PE ratio of 1,861.59, a PEG ratio of -3.09 and a beta of 1.12. The company has a debt-to-equity ratio of 112.71, a current ratio of 1.77 and a quick ratio of 1.74. The business has a 50-day moving average of GBX 3,031.95 and a 200 day moving average of GBX 2,724.85.

Insider Activity at Whitbread

In other news, insider Cilla Snowball acquired 2,258 shares of Whitbread stock in a transaction that occurred on Wednesday, February 15th. The stock was bought at an average price of GBX 3,078 ($37.51) per share, for a total transaction of £69,501.24 ($84,705.96). In related news, insider Dame Karen Jones purchased 275 shares of the business’s stock in a transaction on Monday, February 27th. The stock was acquired at an average price of GBX 3,140 ($38.27) per share, with a total value of £8,635 ($10,524.07). Also, insider Cilla Snowball purchased 2,258 shares of the business’s stock in a transaction on Wednesday, February 15th. The shares were bought at an average cost of GBX 3,078 ($37.51) per share, with a total value of £69,501.24 ($84,705.96). Over the last 90 days, insiders bought 3,490 shares of company stock worth $10,787,980. 3.16% of the stock is owned by insiders.

Whitbread Company Profile

(Get Rating)

Whitbread plc operates hotels and restaurants in the United Kingdom, Germany, and internationally. It operates approximately 841 hotels with 82,286 rooms in the United Kingdom; 10 hotels in the Middle East; and 35 hotels with 5,875 rooms in Germany under the Premier Inn, ZIP by Premier Inn, and hub by Premier Inn brands.