Whitbread plc (LON:WTB) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Whitbread plc (LON:WTB – Get Free Report) have earned an average rating of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is GBX 2,970.56.

Several equities research analysts recently weighed in on WTB shares. Jefferies Financial Group increased their target price on Whitbread from GBX 2,050 to GBX 2,250 and gave the company a “hold” rating in a report on Wednesday. UBS Group reiterated a “buy” rating and issued a GBX 2,975 price objective on shares of Whitbread in a research report on Friday, June 12th. Citigroup increased their price objective on Whitbread from GBX 3,100 to GBX 3,300 and gave the company a “buy” rating in a research note on Friday, August 21st. Shore Capital Group restated a “buy” rating and issued a GBX 3,700 target price on shares of Whitbread in a report on Thursday, June 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Whitbread from GBX 2,815 to GBX 2,530 and set a “hold” rating on the stock in a research note on Wednesday, May 6th.

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Whitbread Stock Down 0.0%

WTB opened at GBX 2,492 on Thursday. The company has a market cap of £4.17 billion, a P/E ratio of 20.36, a P/E/G ratio of -3.09 and a beta of 0.65. The business’s 50-day moving average price is GBX 2,437.71 and its 200-day moving average price is GBX 2,438.98. The company has a current ratio of 0.44, a quick ratio of 1.74 and a debt-to-equity ratio of 174.28. Whitbread has a 12 month low of GBX 2,098 and a 12 month high of GBX 3,302.

Insiders Place Their Bets

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

Whitbread Company Profile

(Get Free Report)

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.

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