Whitbread (LON:WTB) Lowered to “Hold” Rating by Deutsche Bank Aktiengesellschaft

Whitbread (LON:WTB) was downgraded by investment analysts at Deutsche Bank Aktiengesellschaft to a “hold” rating in a report issued on Wednesday, MarketBeat Ratings reports. They currently have a GBX 2,815 price target on the stock, down from their previous price target of GBX 3,375. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 18.78% from the stock’s previous close.

Several other research analysts have also recently weighed in on the company. Panmure Gordon reiterated a “buy” rating and set a GBX 3,700 price target on shares of Whitbread in a research report on Tuesday, November 25th. Peel Hunt restated a “buy” rating and set a GBX 3,500 price target on shares of Whitbread in a research report on Thursday, October 16th. Citigroup increased their price target on shares of Whitbread from GBX 3,600 to GBX 3,800 and gave the company a “buy” rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. reduced their price target on shares of Whitbread from GBX 2,900 to GBX 2,450 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Shore Capital reiterated a “buy” rating on shares of Whitbread in a research note on Thursday, October 16th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,294.17.

Whitbread Price Performance

WTB stock traded down GBX 33 during mid-day trading on Wednesday, hitting GBX 2,370. The company had a trading volume of 1,455,912 shares, compared to its average volume of 2,402,276. The company has a market capitalization of £4.05 billion, a price-to-earnings ratio of 16.56, a P/E/G ratio of -3.09 and a beta of 1.11. Whitbread has a 12-month low of GBX 2,253 and a 12-month high of GBX 3,302. The company has a quick ratio of 1.74, a current ratio of 0.96 and a debt-to-equity ratio of 33.18. The company has a 50-day moving average price of GBX 2,977.15 and a 200 day moving average price of GBX 2,993.91.

Whitbread (LON:WTB) last released its quarterly earnings results on Thursday, October 16th. The company reported GBX 133.70 EPS for the quarter. Whitbread had a net margin of 8.08% and a return on equity of 6.83%. On average, research analysts anticipate that Whitbread will post 227.1851852 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Christine Mary Hodgson bought 10,000 shares of Whitbread stock in a transaction that occurred on Friday, October 17th. The shares were purchased at an average price of GBX 2,880 per share, for a total transaction of £288,000. Also, insider Richard Gillingwater purchased 500 shares of the firm’s stock in a transaction on Tuesday, October 21st. The stock was bought at an average price of GBX 2,974 per share, with a total value of £14,870. 0.38% of the stock is owned by company insiders.

Whitbread Company Profile

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.