Whitbread (WTB) Stock Rating Reaffirmed by UBS Group

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UBS Group restated their neutral rating on shares of Whitbread (LON:WTB) in a research report sent to investors on Wednesday, October 17th, investing.thisismoney.co.uk reports.

A number of other brokerages have also recently commented on WTB. Canaccord Genuity reiterated a buy rating and issued a GBX 4,500 ($58.80) target price on shares of Whitbread in a report on Friday, August 31st. Barclays reiterated an equal weight rating on shares of Whitbread in a report on Tuesday, October 9th. JPMorgan Chase & Co. upgraded Whitbread to an overweight rating and lifted their target price for the stock from GBX 4,470 ($58.41) to GBX 5,500 ($71.87) in a report on Friday, September 14th. Liberum Capital reissued a hold rating on shares of Whitbread in a research note on Wednesday, June 27th. Finally, Shore Capital reissued a buy rating on shares of Whitbread in a research note on Wednesday, June 27th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of GBX 4,701.25 ($61.43).

Shares of Whitbread stock traded up GBX 5 ($0.07) on Wednesday, reaching GBX 4,593 ($60.02). The company had a trading volume of 448,073 shares, compared to its average volume of 564,229. Whitbread has a 1 year low of GBX 3,499.90 ($45.73) and a 1 year high of GBX 4,333 ($56.62).

The company also recently announced a dividend, which will be paid on Friday, December 14th. Shareholders of record on Thursday, November 8th will be given a dividend of GBX 32.70 ($0.43) per share. This represents a yield of 0.74%. The ex-dividend date is Thursday, November 8th.

In other news, insider Richard Gillingwater bought 1,000 shares of the firm’s stock in a transaction on Thursday, November 1st. The stock was acquired at an average cost of GBX 4,531 ($59.21) per share, with a total value of £45,310 ($59,205.54).

Whitbread Company Profile

Whitbread PLC operates hotels, restaurants, and coffee shops. The company operates through two segments, Premier Inn and Costa. It operates approximately 785 hotels with 72,466 rooms in the United Kingdom, as well as hotels under the Premier Inn brand name; hotels under the hub by Premier Inn brand name in the United Kingdom; and restaurants under the Brewers Fayre, Beefeater Grill, Bar+Block, and Table Table brands.

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Analyst Recommendations for Whitbread (LON:WTB)

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