Citigroup Forecasts Strong Price Appreciation for Whitbread (LON:WTB) Stock

Whitbread (LON:WTB) had its price target boosted by Citigroup from GBX 3,100 to GBX 3,300 in a research note issued to investors on Friday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price points to a potential upside of 35.58% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. UBS Group reaffirmed a “buy” rating and issued a GBX 2,975 price target on shares of Whitbread in a research note on Friday, June 12th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Whitbread from GBX 2,815 to GBX 2,530 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. Berenberg Bank reissued a “hold” rating and issued a GBX 2,280 target price on shares of Whitbread in a report on Monday, June 22nd. Finally, Shore Capital Group restated a “buy” rating and issued a GBX 3,700 target price on shares of Whitbread in a research report on Thursday, June 18th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 3,060.62.

Whitbread Stock Performance

LON:WTB opened at GBX 2,434 on Friday. The stock has a fifty day moving average price of GBX 2,432.95 and a 200-day moving average price of GBX 2,446.76. The company has a market cap of £4.07 billion, a price-to-earnings ratio of 19.89, a PEG ratio of -3.09 and a beta of 0.65. 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 fifty-two week low of GBX 2,098 and a fifty-two week high of GBX 3,302.

Insider Buying and Selling at Whitbread

In other Whitbread news, insider Shelley Roberts bought 485 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were purchased at an average price of GBX 2,456 per share, for a total transaction of £11,911.60. Also, insider Dominic Paul bought 717 shares of the stock in a transaction on Friday, July 3rd. The shares were acquired at an average cost of GBX 2,410 per share, with a total value of £17,279.70. 0.42% of the stock is owned by corporate insiders.

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.