Whitbread (LON:WTB) had its target price lowered by Deutsche Bank from GBX 5,250 ($68.60) to GBX 4,500 ($58.80) in a research report sent to investors on Monday morning, ThisIsMoney.Co.Uk reports. The brokerage currently has a hold rating on the stock.
A number of other research analysts have also issued reports on WTB. Shore Capital reiterated a hold rating on shares of Whitbread in a report on Monday, July 22nd. Liberum Capital reiterated a hold rating on shares of Whitbread in a report on Wednesday, June 19th. Numis Securities reiterated a hold rating on shares of Whitbread in a report on Thursday, June 13th. UBS Group reiterated a neutral rating and issued a GBX 4,750 ($62.07) price objective (down previously from GBX 5,000 ($65.33)) on shares of Whitbread in a report on Thursday, June 20th. Finally, Barclays reiterated an overweight rating on shares of Whitbread in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. Whitbread currently has an average rating of Hold and an average price target of GBX 4,942.86 ($64.59).
WTB stock opened at GBX 4,086 ($53.39) on Monday. The stock has a market capitalization of $5.46 billion and a P/E ratio of 2.01. The company has a current ratio of 5.90, a quick ratio of 5.77 and a debt-to-equity ratio of 13.31. Whitbread has a 12 month low of GBX 3,914 ($51.14) and a 12 month high of GBX 5,162 ($67.45). The firm has a 50-day moving average price of GBX 4,583.02 and a 200-day moving average price of GBX 4,737.14.
In other Whitbread news, insider Louise Smalley sold 232 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of GBX 4,588 ($59.95), for a total transaction of £10,644.16 ($13,908.48). Also, insider Nicholas Cadbury sold 7,800 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of GBX 4,501 ($58.81), for a total transaction of £351,078 ($458,745.59). Insiders have sold a total of 22,863 shares of company stock valued at $104,689,270 in the last three months.
Whitbread Company Profile
Whitbread PLC operates hotels, restaurants, and coffee shops. The company operates through two segments, Premier Inn and Costa. It operates approximately 785 hotels with 72,466 rooms in the United Kingdom, as well as hotels under the Premier Inn brand name; hotels under the hub by Premier Inn brand name in the United Kingdom; and restaurants under the Brewers Fayre, Beefeater Grill, Bar+Block, and Table Table brands.
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