Berenberg Bank Issues Positive Forecast for Whitbread (LON:WTB) Stock Price

Whitbread (LON:WTB) had its target price upped by stock analysts at Berenberg Bank from GBX 2,280 to GBX 2,400 in a research report issued to clients and investors on Wednesday, Digital Look reports. The brokerage currently has a “hold” rating on the stock. Berenberg Bank’s target price would indicate a potential downside of 9.50% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Citigroup upped their target price on shares of Whitbread from GBX 3,100 to GBX 3,300 and gave the stock a “buy” rating in a research report on Friday, August 21st. Jefferies Financial Group lifted their price target on Whitbread from GBX 2,050 to GBX 2,250 and gave the company a “hold” rating in a report on Wednesday, August 26th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,919.38.

Whitbread Stock Up 0.2%

Whitbread stock opened at GBX 2,652 on Wednesday. The company has a debt-to-equity ratio of 179.41, a quick ratio of 1.74 and a current ratio of 0.33. Whitbread has a one year low of GBX 2,098 and a one year high of GBX 3,175. The company has a 50-day simple moving average of GBX 2,429.50 and a 200-day simple moving average of GBX 2,413.96. The firm has a market capitalization of £4.43 billion, a P/E ratio of 21.67, a P/E/G ratio of -3.09 and a beta of 0.65.

Whitbread (LON:WTB) last issued its quarterly earnings data on Tuesday, October 13th. The company reported GBX 125.10 earnings per share for the quarter. Whitbread had a net margin of 1.96% and a return on equity of 1.85%. As a group, equities analysts expect that Whitbread will post 227.19 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Shelley Roberts bought 485 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of GBX 2,456 per share, for a total transaction of £11,911.60. 0.42% of the stock is owned by 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.