Zacks Investment Research Upgrades Whitbread (WTBCY) to Strong-Buy
Whitbread (NASDAQ:WTBCY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday. The brokerage presently has a $30.00 price objective on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 17.37% from the company’s current price.
According to Zacks, “Whitbread PLC operates hotels, restaurants and coffee shops. The company’s business unit consists of Hotels and Restaurants and Costa. Hotels and Restaurants unit provides services in accommodation and food. Costa unit is engaged in the operations of branded, owned and franchised coffee shops. Its brands include Premier Inn, Beefeater, Table Table, Brewers Fayre, Taybarns and Costa Coffee. Whitbread PLC is headquartered in Dunstable, the United Kingdom. “
Whitbread (NASDAQ:WTBCY) opened at 25.56 on Thursday. The stock has a 50 day moving average price of $25.02 and a 200-day moving average price of $25.93. Whitbread has a 12-month low of $21.33 and a 12-month high of $28.68. The stock has a market capitalization of $9.32 billion and a PE ratio of 16.78.
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