JPMorgan Chase & Co. Cuts Whitbread (LON:WTB) Price Target to GBX 2,500

Whitbread (LON:WTB) had its price target cut by JPMorgan Chase & Co. from GBX 2,550 to GBX 2,500 in a report released on Monday,London Stock Exchange reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also recently weighed in on WTB. Berenberg Bank cut Whitbread to a “hold” rating and set a GBX 2,900 price target for the company. in a report on Monday, January 19th. Citigroup lifted their price objective on shares of Whitbread from GBX 3,100 to GBX 3,300 and gave the company a “buy” rating in a research note on Thursday, January 15th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Whitbread to a “hold” rating and reduced their target price for the stock from GBX 3,375 to GBX 2,815 in a research report on Wednesday, December 3rd. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Whitbread presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,119.17.

Whitbread Price Performance

Shares of LON WTB opened at GBX 2,356 on Monday. The company has a debt-to-equity ratio of 178.99, a current ratio of 0.66 and a quick ratio of 1.74. Whitbread has a 1-year low of GBX 2,218 and a 1-year high of GBX 3,302. The company has a market capitalization of £3.93 billion, a price-to-earnings ratio of 16.46, a PEG ratio of -3.09 and a beta of 0.62. The business has a 50-day moving average of GBX 2,563.17 and a 200-day moving average of GBX 2,732.05.

Insider Activity at Whitbread

In related news, insider Kal Atwal purchased 462 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were purchased at an average cost of GBX 2,737 per share, with a total value of £12,644.94. Also, insider Christine Mary Hodgson acquired 7,750 shares of Whitbread stock in a transaction on Monday, February 16th. The shares were bought at an average price of GBX 2,706 per share, for a total transaction of £209,715. 0.40% of the stock is owned by insiders.

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.