Whitbread’s (WTB) “Add” Rating Reaffirmed at Numis Securities

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Numis Securities reiterated their add rating on shares of Whitbread (LON:WTB) in a report issued on Tuesday. They currently have a GBX 5,400 ($70.56) price target on the stock.

Several other research firms have also recently commented on WTB. JPMorgan Chase & Co. upgraded Whitbread to an overweight rating and lifted their price target for the company from GBX 4,470 ($58.41) to GBX 5,500 ($71.87) in a report on Friday, September 14th. Barclays upgraded Whitbread to an overweight rating and lifted their price target for the company from GBX 5,000 ($65.33) to GBX 5,200 ($67.95) in a report on Friday, January 4th. UBS Group restated a neutral rating and issued a GBX 4,720 ($61.68) price target (up previously from GBX 4,300 ($56.19)) on shares of Whitbread in a report on Wednesday, October 3rd. Royal Bank of Canada began coverage on Whitbread in a report on Tuesday, December 4th. They issued a sector performer rating and a GBX 4,700 ($61.41) price target for the company. Finally, Credit Suisse Group lifted their price target on Whitbread from GBX 4,950 ($64.68) to GBX 5,600 ($73.17) and gave the company an outperform rating in a report on Thursday, November 15th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Whitbread presently has a consensus rating of Buy and an average target price of GBX 4,760.29 ($62.20).

WTB opened at GBX 4,958 ($64.79) on Tuesday. Whitbread has a 12 month low of GBX 3,499.90 ($45.73) and a 12 month high of GBX 4,333 ($56.62).

The company also recently announced a dividend, which was paid on Friday, December 14th. Stockholders of record on Thursday, November 8th were issued a dividend of GBX 32.70 ($0.43) per share. This represents a dividend yield of 0.74%. The ex-dividend date of this dividend was Thursday, November 8th.

In related news, insider Richard Gillingwater purchased 1,000 shares of the firm’s stock in a transaction on Thursday, November 1st. The stock was purchased at an average price of GBX 4,531 ($59.21) per share, for a total transaction of £45,310 ($59,205.54). Also, insider Adam Crozier purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, November 13th. The stock was bought at an average price of GBX 4,561 ($59.60) per share, with a total value of £91,220 ($119,195.09).

About Whitbread

Whitbread PLC operates hotels, restaurants, and coffee shops. The company operates through two segments, Premier Inn and Costa. It operates approximately 785 hotels with 72,466 rooms in the United Kingdom, as well as hotels under the Premier Inn brand name; hotels under the hub by Premier Inn brand name in the United Kingdom; and restaurants under the Brewers Fayre, Beefeater Grill, Bar+Block, and Table Table brands.

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Analyst Recommendations for Whitbread (LON:WTB)

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