Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Whitbread (LON:WTB) Stock Price

Whitbread (LON:WTB) had its price objective cut by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 2,815 to GBX 2,530 in a research note issued to investors on Wednesday,Digital Look reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 7.98% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. lowered their target price on shares of Whitbread from GBX 2,550 to GBX 2,500 and set a “neutral” rating on the stock in a research note on Monday, March 30th. Berenberg Bank cut shares of Whitbread to a “hold” rating and set a GBX 2,900 target price on the stock. in a research note on Monday, January 19th. Finally, Citigroup lifted 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 note on Thursday, January 15th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 3,071.67.

Whitbread Price Performance

Shares of WTB stock traded up GBX 78 on Wednesday, reaching GBX 2,343. 3,674,665 shares of the company were exchanged, compared to its average volume of 14,406,950. The company has a market cap of £3.91 billion, a price-to-earnings ratio of 19.14, a P/E/G ratio of -3.09 and a beta of 0.66. The business has a 50-day moving average price of GBX 2,428.80 and a 200 day moving average price of GBX 2,608.17. The company has a debt-to-equity ratio of 174.28, a quick ratio of 1.74 and a current ratio of 0.44. Whitbread has a 1 year low of GBX 2,098 and a 1 year high of GBX 3,302.

Whitbread (LON:WTB) last announced its earnings results on Thursday, April 30th. The company reported GBX 123.30 earnings per share (EPS) for the quarter. Whitbread had a net margin of 7.29% and a return on equity of 6.73%. The company had revenue of GBX 292.02 billion for the quarter. Equities research analysts forecast that Whitbread will post 227.1851852 earnings per share for the current fiscal year.

Insider Buying and Selling

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

About Whitbread

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.