Whitbread plc (WTB) Research Coverage Started at HSBC
Several other analysts have also commented on the company. Barclays PLC reaffirmed 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. JPMorgan Chase & Co. lowered Whitbread plc to a neutral rating and decreased their price target for the company from GBX 4,400 ($57.43) to GBX 3,682 ($48.06) in a research note on Wednesday, June 29th. Numis Securities Ltd reissued a hold rating and issued a GBX 4,400 ($57.43) price objective on shares of Whitbread plc in a research note on Monday. Morgan Stanley reissued an overweight rating on shares of Whitbread plc in a research note on Wednesday, September 14th. Finally, Panmure Gordon boosted their price objective on Whitbread plc from GBX 3,800 ($49.60) to GBX 4,000 ($52.21) and gave the stock a hold rating in a research note on Thursday, September 15th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. Whitbread plc presently has a consensus rating of Hold and an average price target of GBX 4,510.79 ($58.88).
Whitbread plc (LON:WTB) opened at 3997.00 on Monday. Whitbread plc has a 12-month low of GBX 3,283.00 and a 12-month high of GBX 4,968.00. The company’s 50-day moving average price is GBX 4,060.86 and its 200-day moving average price is GBX 3,924.78. The firm’s market capitalization is GBX 7.26 billion.
In other news, insider Smalley,Louise sold 470 shares of the company’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of GBX 3,962 ($51.72), for a total transaction of £18,621.40 ($24,306.75). Also, insider Cadbury ,Nicholas sold 12,138 shares of the company’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of GBX 3,501 ($45.70), for a total value of £424,951.38 ($554,694.40).
Whitbread plc Company Profile
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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