Whitbread plc (WTB) Receives Average Recommendation of “Hold” from Brokerages

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Shares of Whitbread plc (LON:WTB) have earned an average recommendation of “Hold” from the seventeen brokerages that are presently covering the company, MarketBeat reports. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 4,981.82 ($65.10).

A number of research firms have issued reports on WTB. Barclays reissued an “equal weight” rating and issued a GBX 5,000 ($65.33) target price on shares of Whitbread in a research report on Thursday. Shore Capital reissued a “buy” rating on shares of Whitbread in a research report on Friday, September 7th. Numis Securities reissued an “add” rating and issued a GBX 5,400 ($70.56) target price on shares of Whitbread in a research report on Friday, September 7th. Royal Bank of Canada began coverage on Whitbread in a research report on Tuesday. They issued a “sector performer” rating and a GBX 4,700 ($61.41) target price for the company. Finally, UBS Group reissued a “neutral” rating on shares of Whitbread in a research report on Wednesday, October 17th.

LON:WTB traded up GBX 27 ($0.35) during trading hours on Monday, reaching GBX 4,520 ($59.06). The stock had a trading volume of 765,310 shares, compared to its average volume of 564,229. Whitbread has a 12-month low of GBX 3,499.90 ($45.73) and a 12-month high of GBX 4,333 ($56.62).

The business also recently declared a dividend, which will be paid on Friday, December 14th. Stockholders of record on Thursday, November 8th will be issued a GBX 32.70 ($0.43) dividend. This represents a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, November 8th.

In related news, insider Richard Gillingwater purchased 1,000 shares of the business’s stock in a transaction dated Thursday, November 1st. The stock was purchased at an average cost of GBX 4,531 ($59.21) per share, with a total value of £45,310 ($59,205.54). Also, insider Adam Crozier purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, November 13th. The stock was bought at an average cost of GBX 4,561 ($59.60) per share, with a total value of £91,220 ($119,195.09).

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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