Whitbread (LON:WTB) Stock Passes Above 200 Day Moving Average – Here’s Why

Posted by ABMN Staff on Jan 4th, 2025

Whitbread plc (LON:WTB – Get Free Report) 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.

Wall Street Analyst Weigh In

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

View Our Latest Stock Analysis on WTB

Whitbread Stock Down 2.4 %

The company has a market capitalization of £5.23 billion, a P/E ratio of 1,831.88, a price-to-earnings-growth ratio of -3.09 and a beta of 1.11. The company has a 50-day moving average of GBX 2,997.60 and a two-hundred day moving average of GBX 2,977.32. The company has a quick ratio of 1.74, a current ratio of 1.02 and a debt-to-equity ratio of 144.72.

Whitbread Cuts Dividend

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

About Whitbread

(Get Free Report)

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.