Whitbread plc (LON:WTB) Stock Has Average Target Price of GBX 2,970.56 According to Brokerages

Whitbread plc (LON:WTB – Get Free Report) has received an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is GBX 2,970.56.

Several equities analysts have weighed in on WTB shares. UBS Group reaffirmed a “buy” rating and issued a GBX 2,975 price objective on shares of Whitbread in a report on Friday, June 12th. Shore Capital Group reissued a “buy” rating and set a GBX 3,700 target price on shares of Whitbread in a report on Thursday, June 18th. Berenberg Bank restated a “hold” rating and issued a GBX 2,280 price target on shares of Whitbread in a research report on Monday, June 22nd. Citigroup boosted their price target 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. Finally, Jefferies Financial Group upped their price objective on shares of Whitbread from GBX 2,050 to GBX 2,250 and gave the stock a “hold” rating in a research report on Wednesday, August 26th.

View Our Latest Analysis on Whitbread

Insider Activity

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

Whitbread Trading Up 1.5%

Shares of LON:WTB opened at GBX 2,383 on Monday. The company has a market capitalization of £3.98 billion, a P/E ratio of 19.47, a P/E/G ratio of -3.09 and a beta of 0.65. Whitbread has a 1 year low of GBX 2,098 and a 1 year high of GBX 3,302. The company has a debt-to-equity ratio of 174.28, a current ratio of 0.44 and a quick ratio of 1.74. The business’s 50 day simple moving average is GBX 2,424.82 and its 200 day simple moving average is GBX 2,395.91.

About Whitbread

(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.

See Also

Analyst Recommendations for Whitbread (LON:WTB)

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