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

Whitbread (LON:WTB) had its price objective reduced by equities research analysts at Berenberg Bank from GBX 3,500 to GBX 2,900 in a report released on Thursday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 20.78% from the company’s current price.

WTB has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft lowered shares of Whitbread to a “hold” rating and dropped their target price for the company from GBX 3,375 to GBX 2,815 in a report on Wednesday. Panmure Gordon reissued a “buy” rating and issued a GBX 3,700 price objective on shares of Whitbread in a research note on Tuesday, November 25th. JPMorgan Chase & Co. lowered their target price on Whitbread from GBX 2,900 to GBX 2,450 and set a “neutral” rating for the company in a report on Tuesday. Peel Hunt reissued a “buy” rating and issued a GBX 3,500 price target on shares of Whitbread in a research note on Thursday, October 16th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Whitbread in a research report on Thursday, October 16th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Whitbread presently has an average rating of “Moderate Buy” and an average price target of GBX 3,194.17.

Whitbread Trading Up 0.3%

LON:WTB traded up GBX 7 during trading hours on Thursday, hitting GBX 2,401. 1,444,220 shares of the company were exchanged, compared to its average volume of 2,393,537. The company has a fifty day simple moving average of GBX 2,945.49 and a 200 day simple moving average of GBX 2,985.26. Whitbread has a one year low of GBX 2,253 and a one year high of GBX 3,302. The stock has a market capitalization of £4.11 billion, a price-to-earnings ratio of 16.78, a price-to-earnings-growth ratio of -3.09 and a beta of 1.11. The company has a current ratio of 0.96, a quick ratio of 1.74 and a debt-to-equity ratio of 33.18.

Whitbread (LON:WTB) last posted its quarterly earnings data on Thursday, October 16th. The company reported GBX 133.70 EPS for the quarter. Whitbread had a return on equity of 6.83% and a net margin of 8.08%. Sell-side analysts expect that Whitbread will post 227.1851852 EPS for the current fiscal year.

Insider Activity

In other Whitbread news, insider Christine Mary Hodgson bought 10,000 shares of the firm’s stock in a transaction dated Friday, October 17th. The stock was bought at an average cost of GBX 2,880 per share, with a total value of £288,000. Also, insider Richard Gillingwater purchased 500 shares of the company’s stock in a transaction that occurred on Tuesday, October 21st. The stock was acquired at an average cost of GBX 2,974 per share, for a total transaction of £14,870. Insiders own 0.38% 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.