Brokerages Set Whitbread plc (LON:WTB) Target Price at GBX 3,127.50

Whitbread plc (LON:WTB) has received an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 3,119.17.

Several brokerages have issued reports on WTB. Citigroup boosted their price target on shares of Whitbread from GBX 3,100 to GBX 3,300 and gave the company a “buy” rating in a report on Thursday, January 15th. JPMorgan Chase & Co. lowered their target price on shares of Whitbread from GBX 2,550 to GBX 2,500 and set a “neutral” rating on the stock in a research note on Monday. Berenberg Bank lowered shares of Whitbread to a “hold” rating and set a GBX 2,900 price target for the company. in a research report on Monday, January 19th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Whitbread to a “hold” rating and cut their price target for the stock from GBX 3,375 to GBX 2,815 in a research note on Wednesday, December 3rd.

Whitbread Stock Performance

Shares of LON WTB opened at GBX 2,356 on Monday. The business has a fifty day simple moving average of GBX 2,563.17 and a 200 day simple moving average of GBX 2,732.05. The company has a current ratio of 0.66, a quick ratio of 1.74 and a debt-to-equity ratio of 178.99. The firm has a market capitalization of £3.93 billion, a price-to-earnings ratio of 16.46, a PEG ratio of -3.09 and a beta of 0.62. Whitbread has a one year low of GBX 2,218 and a one year high of GBX 3,302.

Insider Buying and Selling at Whitbread

In related news, insider Christine Mary Hodgson purchased 7,750 shares of the firm’s stock in a transaction that occurred on Monday, February 16th. The shares were acquired at an average price of GBX 2,706 per share, with a total value of £209,715. Also, insider Kal Atwal acquired 462 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were bought at an average price of GBX 2,737 per share, with a total value of £12,644.94. 0.40% of the stock is owned by insiders.

About Whitbread

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.