JPMorgan Chase & Co. Reaffirms “Overweight” Rating for Whitbread (LON:WTB)

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Whitbread (LON:WTB) in a research report report published on Friday, MarketBeat.com reports.

A number of other analysts also recently weighed in on WTB. Shore Capital reiterated a buy rating on shares of Whitbread in a report on Friday, September 15th. Berenberg Bank restated a buy rating on shares of Whitbread in a research note on Friday, July 21st. Finally, Barclays restated an overweight rating and issued a GBX 4,250 ($53.17) target price on shares of Whitbread in a research note on Friday, September 8th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, Whitbread has an average rating of Buy and a consensus price target of GBX 4,045 ($50.61).

Whitbread Price Performance

Shares of LON:WTB opened at GBX 3,342 ($41.81) on Friday. The firm has a market cap of £6.39 billion, a P/E ratio of 1,977.51, a P/E/G ratio of -3.09 and a beta of 1.10. The company has a quick ratio of 1.74, a current ratio of 1.42 and a debt-to-equity ratio of 125.83. Whitbread has a 12-month low of GBX 2,483 ($31.06) and a 12-month high of GBX 3,709 ($46.40). The business has a fifty day simple moving average of GBX 3,388.86 and a 200 day simple moving average of GBX 3,386.32.

Whitbread Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, December 8th. Shareholders of record on Thursday, November 2nd will be given a dividend of GBX 34.10 ($0.43) per share. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a dividend yield of 1.03%. Whitbread’s dividend payout ratio is currently 4,970.41%.

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.