Whitbread (LON:WTB) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Posted by Jeff Wilder on Oct 13th, 2024

Shares of Whitbread plc (LON:WTB – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,015.34 ($39.46) and traded as high as GBX 3,119 ($40.82). Whitbread shares last traded at GBX 3,088 ($40.41), with a volume of 584,541 shares traded.

Analysts Set New Price Targets

WTB has been the subject of several research reports. Jefferies Financial Group increased their price objective on shares of Whitbread from GBX 39 ($0.51) to GBX 40 ($0.52) and gave the company a “buy” rating in a research note on Tuesday, August 20th. Shore Capital reissued a “buy” rating on shares of Whitbread in a report on Tuesday, June 18th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 4,200 ($54.97) target price on shares of Whitbread in a report on Tuesday, June 25th. Finally, The Goldman Sachs Group lowered Whitbread to a “neutral” rating in a research note on Wednesday, September 18th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 2,746.67 ($35.95).

Get Our Latest Research Report on Whitbread

Whitbread Price Performance

The company has a fifty day simple moving average of GBX 2,966.52 and a 200 day simple moving average of GBX 3,014.10. The stock has a market capitalization of £5.51 billion, a price-to-earnings ratio of 1,930.00, a P/E/G ratio of -3.09 and a beta of 1.11. The company has a debt-to-equity ratio of 144.72, a quick ratio of 1.74 and a current ratio of 1.02.

About Whitbread

(Get Free Report)

Whitbread plc operates hotels and restaurants in the United Kingdom, Germany, and internationally. It operates hotels with rooms in the United Kingdom; Middle East; and Germany under the Premier Inn, ZIP by Premier Inn, and hub by Premier Inn brands. The company operates restaurants under the Brewers Fayre, Beefeater, Cookhouse & Pub, Bar+Block Steakhouse, Thyme, and Table Table brands in the United Kingdom.