Berenberg Bank Issues Positive Forecast for Whitbread (LON:WTB) Stock Price

Whitbread (LON:WTB) had its price target lifted by equities researchers at Berenberg Bank from GBX 2,400 to GBX 2,700 in a report issued on Wednesday, Digital Look reports. The firm currently has a “hold” rating on the stock. Berenberg Bank‘s target price indicates a potential downside of 4.15% from the stock’s current price.

Other analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Whitbread from GBX 2,530 to GBX 2,730 and gave the stock a “hold” rating in a research report on Thursday, October 29th. Citigroup upped their price objective on shares of Whitbread from GBX 3,100 to GBX 3,300 and gave the company a “buy” rating in a research report on Friday, August 21st. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 2,250 target price on shares of Whitbread in a research note on Thursday, October 29th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Whitbread has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,981.88.

Whitbread Price Performance

LON WTB opened at GBX 2,816.80 on Wednesday. Whitbread has a twelve month low of GBX 2,098 and a twelve month high of GBX 2,907.37. The company has a debt-to-equity ratio of 179.41, a quick ratio of 1.74 and a current ratio of 0.33. The stock has a market capitalization of £4.72 billion, a PE ratio of 77.60, a P/E/G ratio of -3.09 and a beta of 0.65. The stock has a 50-day simple moving average of GBX 2,509.84 and a 200 day simple moving average of GBX 2,472.39.

Whitbread (LON:WTB) last released its earnings results on Tuesday, October 13th. The company reported GBX 125.10 earnings per share (EPS) for the quarter. Whitbread had a return on equity of 1.85% and a net margin of 1.96%. Research analysts anticipate that Whitbread will post 227.19 EPS for the current year.

About Whitbread

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.