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

Whitbread plc (LON:WTB) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,004.32 ($38.66) and traded as high as GBX 3,070 ($39.51). Whitbread shares last traded at GBX 3,040 ($39.12), with a volume of 954,363 shares traded.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on WTB. The Goldman Sachs Group cut shares of Whitbread to a “neutral” rating in a research report on Wednesday, September 18th. Berenberg Bank restated a “buy” rating and set a GBX 4,000 ($51.47) price target on shares of Whitbread in a research note on Thursday, October 24th. Shore Capital reiterated a “buy” rating on shares of Whitbread in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group upped their price target on shares of Whitbread from GBX 39 ($0.50) to GBX 40 ($0.51) and gave the company a “buy” rating in a research note on Tuesday, August 20th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 2,746.67 ($35.35).

Whitbread Stock Performance

The business’s fifty day moving average price is GBX 3,108.15 and its 200-day moving average price is GBX 3,004.32. 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 stock has a market capitalization of £5.43 billion, a PE ratio of 1,900.00, a P/E/G ratio of -3.09 and a beta of 1.11.

Whitbread Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, October 31st will be issued a GBX 34.60 ($0.45) dividend. This represents a yield of 1.13%. The ex-dividend date of this dividend is Thursday, October 31st. Whitbread’s payout ratio is 6,062.50%.

About Whitbread

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.