Whitbread plc (LON:WTB – Get Free Report) shares hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 2,637 ($33.41) and last traded at GBX 2,639 ($33.44), with a volume of 891777 shares traded. The stock had previously closed at GBX 2,675 ($33.90).
Wall Street Analysts Forecast Growth
A number of research analysts have commented on WTB shares. Shore Capital restated a “buy” rating on shares of Whitbread in a research note on Thursday, January 16th. Berenberg Bank lowered their price objective on Whitbread from GBX 4,000 ($50.68) to GBX 3,900 ($49.42) and set a “buy” rating for the company in a report on Tuesday, December 10th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,713.33 ($34.38).
Read Our Latest Analysis on Whitbread
Whitbread Stock Performance
Insider Transactions at Whitbread
In other news, insider Kal Atwal purchased 1,130 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was bought at an average cost of GBX 2,621 ($33.21) per share, for a total transaction of £29,617.30 ($37,528.26). 1.03% of the stock is currently owned by company insiders.
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.
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