Brokerages Set Whitbread plc (LON:WTB) Price Target at GBX 3,127.50

Whitbread plc (LON:WTB) has received an average recommendation of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 3,119.17.

A number of analysts have issued reports on WTB shares. JPMorgan Chase & Co. cut their price target on shares of Whitbread from GBX 2,550 to GBX 2,500 and set a “neutral” rating on the stock in a research note on Monday, March 30th. Berenberg Bank lowered shares of Whitbread to a “hold” rating and set a GBX 2,900 price objective for the company. in a research note on Monday, January 19th. Finally, Citigroup lifted their price objective on shares of Whitbread from GBX 3,100 to GBX 3,300 and gave the company a “buy” rating in a report on Thursday, January 15th.

Whitbread Price Performance

WTB opened at GBX 2,328 on Monday. The stock’s 50-day moving average price is GBX 2,546.29 and its 200 day moving average price is GBX 2,723.63. Whitbread has a 12-month low of GBX 2,218 and a 12-month high of GBX 3,302. The firm has a market cap of £3.89 billion, a price-to-earnings ratio of 16.27, a PEG ratio of -3.09 and a beta of 0.62. The company has a current ratio of 0.66, a quick ratio of 1.74 and a debt-to-equity ratio of 178.99.

Insider Buying and Selling at Whitbread

In related news, insider Christine Mary Hodgson acquired 7,750 shares of Whitbread stock in a transaction dated Monday, February 16th. The shares were acquired at an average cost of GBX 2,706 per share, for a total transaction of £209,715. Also, insider Kal Atwal bought 462 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was bought at an average price of GBX 2,737 per share, with a total value of £12,644.94. Insiders own 0.40% 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.