Whitbread shows relatively strong fundamentals and is coming back to attractive price.
Whitbread is oversold and near to GBp 4625. This situation gives credit to a potential technical rebound. Thus, the stock could find new energy and would rise towards the next GBp 4625 resistance.
The Bollinger band width was reduced with the accumulation phase of recent sessions, confirming the recent low volatility. In fact, the configuration could quickly take over an uptrend with the combination of all technical and fundamental factors.
Most active investors could therefore open buyers positions to aim the GBp 4876; the crossing of this level would open the way to new objectives with a second technical target at GBp 5065. However the position needs to be protected by a stop-loss order below the GBp 4625.
Whitbread PLC is a leading British hotel, restaurant, and coffee shops. Net sales break down by activity as follows:
- hotel operations (72.2%; No. 1 in the United Kingdom): owns, as of 02/03/2023, 898 hotels under the Premier Inn brand, mainly located in the United Kingdom (847; 83,500 rooms) and Germany (51; 9,000 rooms) ;
- operation of restaurants (27.8%): owns 800 restaurants and pubs under the Premier Inn, Beefeater, Brewers Fayre, Table Table, Cookhouse & Pub, Bar+Block and Thyme brands;
- other (0.4%).
Net sales are distributed geographically as follows: the United Kingdom and Ireland (94.8%), Germany (4.5%) and other (0.7%).