Whitbread (LON:WTB) Stock Gets Price Target Bump from Berenberg Bank

Whitbread (LON:WTB) had its target price raised by equities researchers at Berenberg Bank from GBX 2,400 to GBX 2,700 in a note issued to investors on Wednesday, Digital Look reports. The firm currently has a “hold” rating on the stock. Berenberg Bank‘s target price would indicate a potential downside of 4.15% from the company’s current price.

WTB has been the subject of a number of other reports. Citigroup upped their target price on Whitbread from GBX 3,100 to GBX 3,300 and gave the company a “buy” rating in a research report on Friday, August 21st. Deutsche Bank Aktiengesellschaft raised their price target on Whitbread from GBX 2,530 to GBX 2,730 and gave the stock a “hold” rating in a research report on Thursday, October 29th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 2,250 price target on shares of Whitbread in a research note on Thursday, October 29th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Whitbread has an average rating of “Moderate Buy” and an average price target of GBX 2,981.88.

Whitbread Stock Performance

WTB opened at GBX 2,816.80 on Wednesday. The business’s 50-day simple moving average is GBX 2,509.84 and its 200 day simple moving average is GBX 2,472.39. Whitbread has a 52-week low of GBX 2,098 and a 52-week high of GBX 2,907.37. The company has a debt-to-equity ratio of 179.41, a quick ratio of 1.74 and a current ratio of 0.33. The firm has a market capitalization of £4.72 billion, a PE ratio of 77.60, a PEG ratio of -3.09 and a beta of 0.65.

Whitbread (LON:WTB) last posted its quarterly earnings results on Tuesday, October 13th. The company reported GBX 125.10 earnings per share for the quarter. Whitbread had a return on equity of 1.85% and a net margin of 1.96%. As a group, sell-side analysts expect that Whitbread will post 227.19 earnings per share for the current fiscal year.

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.