Whitbread (LON:WTB) Price Target Raised to GBX 3,300

Whitbread (LON:WTB) had its price target upped by equities researchers at Citigroup from GBX 3,100 to GBX 3,300 in a report issued on Friday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target points to a potential upside of 35.58% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft lowered their price target on Whitbread from GBX 2,815 to GBX 2,530 and set a “hold” rating on the stock in a research report on Wednesday, May 6th. Berenberg Bank reiterated a “hold” rating and set a GBX 2,280 target price on shares of Whitbread in a research note on Monday, June 22nd. Shore Capital Group restated a “buy” rating and issued a GBX 3,700 price target on shares of Whitbread in a research note on Thursday, June 18th. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 2,975 price target on shares of Whitbread in a report on Friday, June 12th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 3,060.62.

Whitbread Stock Performance

Shares of WTB opened at GBX 2,434 on Friday. The stock has a market capitalization of £4.07 billion, a price-to-earnings ratio of 19.89, a PEG ratio of -3.09 and a beta of 0.65. Whitbread has a 12 month low of GBX 2,098 and a 12 month high of GBX 3,302. The firm has a fifty day simple moving average of GBX 2,432.95 and a 200 day simple moving average of GBX 2,446.76. The company has a current ratio of 0.44, a quick ratio of 1.74 and a debt-to-equity ratio of 174.28.

Insider Buying and Selling at Whitbread

In other news, insider Shelley Roberts acquired 485 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were purchased at an average cost of GBX 2,456 per share, with a total value of £11,911.60. Also, insider Dominic Paul acquired 717 shares of the stock in a transaction on Friday, July 3rd. The shares were purchased at an average price of GBX 2,410 per share, for a total transaction of £17,279.70. 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.