Whitbread (WTB) Receives New Coverage from Analysts at Royal Bank of Canada
Royal Bank of Canada initiated coverage on shares of Whitbread (LON:WTB) in a research report report published on Tuesday. The brokerage issued a sector performer rating and a GBX 4,700 ($61.41) target price on the stock.
A number of other analysts have also weighed in on the stock. Kepler Capital Markets upped their price target on shares of Whitbread from GBX 4,200 ($54.88) to GBX 4,900 ($64.03) and gave the stock a hold rating in a research note on Monday, September 3rd. Barclays reaffirmed an equal weight rating and issued a GBX 5,100 ($66.64) price target on shares of Whitbread in a research note on Thursday, November 8th. JPMorgan Chase & Co. raised shares of Whitbread to an overweight rating and upped their price target for the stock from GBX 4,470 ($58.41) to GBX 5,500 ($71.87) in a research note on Friday, September 14th. Canaccord Genuity started coverage on shares of Whitbread in a research note on Friday, September 7th. They issued a buy rating and a GBX 4,500 ($58.80) price target for the company. Finally, UBS Group reaffirmed a neutral rating and issued a GBX 4,720 ($61.68) price target (up from GBX 4,300 ($56.19)) on shares of Whitbread in a research note on Wednesday, October 3rd. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Whitbread presently has an average rating of Hold and an average price target of GBX 4,733.53 ($61.85).
Whitbread stock opened at GBX 4,520 ($59.06) on Tuesday. Whitbread has a 52-week low of GBX 3,499.90 ($45.73) and a 52-week high of GBX 4,333 ($56.62).
In other Whitbread news, insider Richard Gillingwater bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 1st. The shares were acquired at an average cost of GBX 4,531 ($59.21) per share, for a total transaction of £45,310 ($59,205.54). Also, insider Adam Crozier bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The stock was acquired at an average price of GBX 4,561 ($59.60) per share, for a total transaction of £91,220 ($119,195.09).
Whitbread Company Profile
Whitbread PLC operates hotels, restaurants, and coffee shops. The company operates through two segments, Premier Inn and Costa. It operates approximately 785 hotels with 72,466 rooms in the United Kingdom, as well as hotels under the Premier Inn brand name; hotels under the hub by Premier Inn brand name in the United Kingdom; and restaurants under the Brewers Fayre, Beefeater Grill, Bar+Block, and Table Table brands.
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