Whitbread (LON:WTB) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Whitbread plc (LON:WTB)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,977.32 ($36.99) and traded as high as GBX 3,019 ($37.50). Whitbread shares last traded at GBX 2,931 ($36.41), with a volume of 286,046 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group lowered Whitbread to a “neutral” rating in a research note on Wednesday, September 18th. Berenberg Bank decreased their price target on shares of Whitbread from GBX 4,000 ($49.69) to GBX 3,900 ($48.45) and set a “buy” rating for the company in a report on Tuesday, December 10th. Finally, Shore Capital reiterated a “buy” rating on shares of Whitbread in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Whitbread presently has an average rating of “Moderate Buy” and an average price target of GBX 2,713.33 ($33.71).

Whitbread Trading Down 2.4 %

The stock has a market capitalization of £5.23 billion, a PE ratio of 1,831.88, a P/E/G ratio of -3.09 and a beta of 1.11. The company’s 50 day moving average price is GBX 2,997.60 and its two-hundred day moving average price is GBX 2,977.28. 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 Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, October 31st were given a GBX 34.60 ($0.43) dividend. The ex-dividend date was Thursday, October 31st. This represents a dividend yield of 1.13%. Whitbread’s dividend payout ratio (DPR) is presently 6,062.50%.

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.