Whitbread (LON:WTB) Price Target Raised to GBX 3,300

Whitbread (LON:WTB) had its target price raised by Citigroup from GBX 3,100 to GBX 3,300 in a report issued on Thursday morning, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the stock. Shore Capital reiterated a “buy” rating on shares of Whitbread in a report on Thursday, October 16th. JPMorgan Chase & Co. reduced their price target on Whitbread from GBX 2,900 to GBX 2,450 and set a “neutral” rating for the company in a research report on Tuesday, December 2nd. Berenberg Bank decreased their price target on shares of Whitbread from GBX 3,500 to GBX 2,900 and set a “buy” rating for the company in a research report on Thursday, December 4th. Panmure Gordon reissued a “buy” rating and set a GBX 3,700 target price on shares of Whitbread in a research report on Tuesday, November 25th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 3,500 price target on shares of Whitbread in a report on Thursday, October 16th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 3,110.83.

Whitbread Trading Up 0.7%

Shares of LON:WTB opened at GBX 2,800.62 on Thursday. Whitbread has a 52-week low of GBX 2,253 and a 52-week high of GBX 3,302. The stock has a market capitalization of £4.71 billion, a price-to-earnings ratio of 19.57, a PEG ratio of -3.09 and a beta of 1.11. The company has a debt-to-equity ratio of 33.18, a quick ratio of 1.74 and a current ratio of 0.96. The stock’s 50-day simple moving average is GBX 2,599.11 and its two-hundred day simple moving average is GBX 2,922.81.

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%. Analysts expect that Whitbread will post 227.1851852 EPS for the current year.

Insider Buying and Selling

In other news, insider Richard Gillingwater purchased 500 shares of the stock in a transaction dated Tuesday, October 21st. The stock was acquired at an average cost of GBX 2,974 per share, for a total transaction of £14,870. Company insiders own 0.39% 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.