JPMorgan Chase & Co. Lowers Whitbread (LON:WTB) Price Target to GBX 2,500

Whitbread (LON:WTB) had its price objective reduced by research analysts at JPMorgan Chase & Co. from GBX 2,550 to GBX 2,500 in a note issued to investors on Monday,London Stock Exchange reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 12.06% from the company’s current price.

A number of other equities analysts have also commented on WTB. Berenberg Bank lowered shares of Whitbread to a “hold” rating and set a GBX 2,900 price target on the stock. in a report on Monday, January 19th. Citigroup increased their target price on Whitbread from GBX 3,100 to GBX 3,300 and gave the company a “buy” rating in a research note on Thursday, January 15th. Finally, Deutsche Bank Aktiengesellschaft lowered Whitbread to a “hold” rating and dropped their price target for the stock from GBX 3,375 to GBX 2,815 in a research note on Wednesday, December 3rd. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Whitbread presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,119.17.

Whitbread Trading Down 1.3%

Shares of WTB opened at GBX 2,231 on Monday. Whitbread has a 1-year low of GBX 2,218 and a 1-year high of GBX 3,302. The company has a market capitalization of £3.72 billion, a P/E ratio of 15.59, a P/E/G ratio of -3.09 and a beta of 0.62. The company has a debt-to-equity ratio of 178.99, a current ratio of 0.66 and a quick ratio of 1.74. The firm’s 50 day simple moving average is GBX 2,589.59 and its 200 day simple moving average is GBX 2,746.24.

Insider Buying and Selling at Whitbread

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

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.