Whitbread (LON:WTB) Shares Cross Above 200 Day Moving Average of $3,032.22

Shares of Whitbread plc (LON:WTB) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 3,032.22 ($39.65) and traded as high as GBX 3,104 ($40.59). Whitbread shares last traded at GBX 3,087 ($40.37), with a volume of 753,025 shares changing hands.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 4,200 ($54.92) price target on shares of Whitbread in a research report on Tuesday, June 25th. Jefferies Financial Group upped their price target on Whitbread from GBX 39 ($0.51) to GBX 40 ($0.52) and gave the company a “buy” rating in a research report on Tuesday, August 20th. Shore Capital reaffirmed a “buy” rating on shares of Whitbread in a research report on Tuesday, June 18th. Finally, Berenberg Bank dropped their target price on Whitbread from GBX 4,200 ($54.92) to GBX 4,000 ($52.31) and set a “buy” rating on the stock in a research report on Wednesday, May 29th.

Whitbread Price Performance

The stock has a market capitalization of £5.49 billion, a price-to-earnings ratio of 1,923.13, a price-to-earnings-growth ratio of -3.09 and a beta of 1.11. The company has a 50-day simple moving average of GBX 2,889.12 and a two-hundred day simple moving average of GBX 3,032.22. The company has a debt-to-equity ratio of 144.72, a current ratio of 1.02 and a quick ratio of 1.74.

Whitbread Company Profile

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.