Whitbread (LON:WTB) Shares Pass Above Two Hundred Day Moving Average of $3,032.22

Whitbread plc (LON:WTB)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

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

Whitbread Stock Performance

The company has a debt-to-equity ratio of 144.72, a current ratio of 1.02 and a quick ratio of 1.74. The company has a 50 day simple moving average of GBX 2,889.12 and a 200-day simple moving average of GBX 3,032.22. The stock has a market cap of £5.51 billion, a P/E ratio of 1,929.38, a price-to-earnings-growth ratio of -3.09 and a beta of 1.11.

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.