Whitbread plc (WTB) Rating Reiterated by Numis Securities Ltd
Whitbread plc (LON:WTB)‘s stock had its “hold” rating restated by analysts at Numis Securities Ltd in a research report issued on Monday. They currently have a GBX 4,400 ($58.60) price objective on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 8.23% from the company’s previous close.
A number of other analysts have also recently commented on the stock. Panmure Gordon upped their target price on shares of Whitbread plc from GBX 3,800 ($50.61) to GBX 4,000 ($53.28) and gave the company a “hold” rating in a report on Thursday. Credit Suisse Group AG reduced their target price on shares of Whitbread plc from GBX 4,400 ($58.60) to GBX 4,360 ($58.07) and set a “neutral” rating for the company in a report on Tuesday, September 13th. Morgan Stanley reaffirmed an “overweight” rating on shares of Whitbread plc in a report on Wednesday, September 14th. Barclays PLC reaffirmed an “underweight” rating and set a GBX 3,220 ($42.89) target price on shares of Whitbread plc in a report on Friday, September 9th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 5,000 ($66.60) price target on shares of Whitbread plc in a research report on Wednesday, August 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 4,531.84 ($60.36).
Whitbread plc (LON:WTB) opened at 4079.00 on Monday. The company has a 50-day moving average of GBX 4,047.92 and a 200-day moving average of GBX 3,923.94. The stock’s market cap is GBX 7.41 billion. Whitbread plc has a 12 month low of GBX 3,283.00 and a 12 month high of GBX 4,968.00.
In related news, 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 ($52.77), for a total value of £18,621.40 ($24,802.08). Also, insider Cadbury ,Nicholas sold 12,138 shares of the firm’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of GBX 3,501 ($46.63), for a total transaction of £424,951.38 ($565,998.11).
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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