Brokerages Set Whitbread plc (LON:WTB) Price Target at GBX 3,119.17

Whitbread plc (LON:WTB) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 3,119.17.

Several analysts have recently weighed in on WTB shares. JPMorgan Chase & Co. lowered their target price on Whitbread from GBX 2,550 to GBX 2,500 and set a “neutral” rating for the company in a research note on Monday, March 30th. Berenberg Bank lowered Whitbread to a “hold” rating and set a GBX 2,900 price objective for the company. in a research note on Monday, January 19th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 2,815 price target on shares of Whitbread in a research note on Friday, April 10th. Finally, Citigroup upped their target price on shares of Whitbread from GBX 3,100 to GBX 3,300 and gave the company a “buy” rating in a research note on Thursday, January 15th.

Insiders Place Their Bets

In other Whitbread news, insider Christine Mary Hodgson bought 7,750 shares of the business’s stock in a transaction on Monday, February 16th. The shares were purchased at an average price of GBX 2,706 per share, with a total value of £209,715. Also, insider Kal Atwal bought 462 shares of the firm’s stock in a transaction 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 Price Performance

Shares of WTB stock opened at GBX 2,258 on Friday. The company has a market capitalization of £3.77 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of -3.09 and a beta of 0.66. The firm has a fifty day simple moving average of GBX 2,438.10 and a 200-day simple moving average of GBX 2,623.73. The company has a current ratio of 0.66, a quick ratio of 1.74 and a debt-to-equity ratio of 178.99. Whitbread has a twelve month low of GBX 2,098 and a twelve month high of GBX 3,302.

Whitbread (LON:WTB) last released its quarterly earnings results on Thursday, April 30th. The company reported GBX 123.30 earnings per share (EPS) for the quarter. Whitbread had a net margin of 8.66% and a return on equity of 7.68%. The firm had revenue of GBX 292.02 billion for the quarter. Equities research analysts anticipate that Whitbread will post 227.1851852 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.