Brokerages Set Whitbread plc (LON:WTB) Target Price at GBX 2,968.33

Whitbread plc (LON:WTB) has been given an average recommendation of “Moderate Buy” by the eight brokerages that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 6,523.13.

WTB has been the subject of a number of recent analyst reports. UBS Group reissued a “buy” rating and issued a GBX 2,975 price objective on shares of Whitbread in a research report on Friday, June 12th. Deutsche Bank Aktiengesellschaft lowered their price objective on Whitbread from GBX 2,815 to GBX 2,530 and set a “hold” rating for the company in a research report on Wednesday, May 6th. JPMorgan Chase & Co. lowered their price objective on Whitbread from GBX 2,550 to GBX 2,500 and set a “neutral” rating for the company in a research report on Monday, March 30th. Shore Capital Group reissued a “buy” rating and issued a GBX 3,700 price objective on shares of Whitbread in a research report on Thursday. Finally, Berenberg Bank lowered their price objective on Whitbread from GBX 2,900 to GBX 2,280 and set a “hold” rating for the company in a research report on Monday, June 1st.

Insider Buying and Selling at Whitbread

In other Whitbread news, insider Shelley Roberts acquired 1,290 shares of the stock in a transaction dated Friday, May 8th. The stock was purchased at an average price of GBX 2,309 per share, with a total value of £29,786.10. 0.42% of the stock is owned by insiders.

Whitbread Stock Down 1.3%

Shares of LON WTB opened at GBX 2,381 on Friday. The company has a current ratio of 0.44, a quick ratio of 1.74 and a debt-to-equity ratio of 174.28. The stock has a market capitalization of £3.98 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of -3.09 and a beta of 0.65. The stock’s fifty day simple moving average is GBX 2,389.41 and its two-hundred day simple moving average is GBX 2,489.74. Whitbread has a 12-month low of GBX 2,098 and a 12-month high of GBX 3,302.

Whitbread (LON:WTB) last posted its quarterly earnings data on Thursday, April 30th. The company reported GBX 123.30 earnings per share for the quarter. The firm had revenue of GBX 292.02 billion during the quarter. Whitbread had a return on equity of 6.73% and a net margin of 7.29%. As a group, analysts expect that Whitbread will post 227.1851852 EPS for the current fiscal year.

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.