Whitbread plc (WTB) Price Target Raised to GBX 4,000 at Panmure Gordon
Whitbread plc (LON:WTB) had its price target lifted by Panmure Gordon from GBX 3,800 ($49.60) to GBX 4,000 ($52.21) in a research note released on Thursday morning. They currently have a hold rating on the stock.
A number of other research firms also recently weighed in on WTB. Barclays PLC reissued an underweight rating and issued a GBX 3,220 ($42.03) price target on shares of Whitbread plc in a research note on Friday, September 9th. Credit Suisse Group AG reissued an outperform rating and issued a GBX 4,900 ($63.96) price target on shares of Whitbread plc in a research note on Thursday, June 9th. Beaufort Securities reissued a buy rating on shares of Whitbread plc in a research note on Wednesday, June 22nd. JPMorgan Chase & Co. reissued an overweight rating on shares of Whitbread plc in a research note on Wednesday, June 22nd. Finally, Deutsche Bank AG reissued a buy rating and issued a GBX 5,128 ($66.94) price target on shares of Whitbread plc in a research note on Wednesday, June 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. Whitbread plc has an average rating of Hold and an average price target of GBX 4,510.79 ($58.88).
Shares of Whitbread plc (LON:WTB) opened at 4067.00 on Thursday. The firm has a 50 day moving average price of GBX 4,060.03 and a 200-day moving average price of GBX 3,925.29. Whitbread plc has a 12 month low of GBX 3,283.00 and a 12 month high of GBX 4,968.00. The firm’s market cap is GBX 7.39 billion.
In related news, insider Cadbury ,Nicholas sold 12,138 shares of the firm’s stock in a transaction dated Friday, July 1st. The shares were sold at an average price of GBX 3,501 ($45.70), for a total value of £424,951.38 ($554,694.40). Also, insider Smalley,Louise sold 470 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of GBX 3,962 ($51.72), for a total transaction of £18,621.40 ($24,306.75).
About Whitbread plc
Whitbread PLC is a United Kingdom-based hospitality company. The Company operates hotels, coffee shops and restaurants. The Company operates in two segments: Hotels & Restaurants and Costa. The Hotels & Restaurants segment provides services in relation to accommodation and food. The Costa segment generates income from the operation of its branded, owned and franchised coffee outlets.
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