Analysts Set Whitbread plc (LON:WTB) Target Price at GBX 2,970.56

Whitbread plc (LON:WTB) has received a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 2,970.56.

A number of brokerages recently weighed in on WTB. Shore Capital Group reiterated a “buy” rating and set a GBX 3,700 price objective on shares of Whitbread in a report on Thursday, June 18th. Berenberg Bank reissued a “hold” rating and issued a GBX 2,280 price objective on shares of Whitbread in a research note on Monday, June 22nd. Citigroup raised their price objective on Whitbread from GBX 3,100 to GBX 3,300 and gave the stock a “buy” rating in a report on Friday, August 21st. UBS Group reissued a “buy” rating and set a GBX 2,975 price target on shares of Whitbread in a research report on Friday, June 12th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Whitbread from GBX 2,815 to GBX 2,530 and set a “hold” rating for the company in a report on Wednesday, May 6th.

Whitbread Price Performance

Shares of WTB stock opened at GBX 2,386 on Thursday. The firm has a market capitalization of £3.99 billion, a P/E ratio of 19.49, a P/E/G ratio of -3.09 and a beta of 0.65. Whitbread has a 52-week low of GBX 2,098 and a 52-week high of GBX 3,302. The company has a debt-to-equity ratio of 174.28, a quick ratio of 1.74 and a current ratio of 0.44. The stock has a 50 day moving average price of GBX 2,436.46 and a 200 day moving average price of GBX 2,429.32.

Insider Transactions at Whitbread

In other Whitbread news, insider Shelley Roberts purchased 485 shares of Whitbread stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average price of GBX 2,456 per share, for a total transaction of £11,911.60. Also, insider Dominic Paul acquired 717 shares of the company’s stock in a transaction dated Friday, July 3rd. The shares were acquired at an average price of GBX 2,410 per share, for a total transaction of £17,279.70. Company insiders own 0.42% 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.