Shore Capital Reaffirms “Hold” Rating for Whitbread (LON:WTB)

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Shore Capital restated their hold rating on shares of Whitbread (LON:WTB) in a research report report published on Friday morning, Digital Look reports.

Several other brokerages have also weighed in on WTB. Deutsche Bank upped their target price on Spirit Airlines from $75.00 to $79.00 and gave the stock a buy rating in a research report on Friday. Numis Securities reaffirmed a buy rating and issued a GBX 2,800 ($36.59) target price on shares of in a research report on Thursday, June 13th. Liberum Capital reaffirmed a hold rating on shares of Whitbread in a research report on Wednesday, June 19th. Morgan Stanley set a €37.50 ($43.60) target price on Deutsche Post and gave the stock a buy rating in a research report on Thursday, April 11th. Finally, Barclays upped their target price on Black Knight from $56.00 to $66.00 and gave the stock an overweight rating in a research report on Thursday, May 2nd. Twelve research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Whitbread currently has an average rating of Hold and an average target price of GBX 5,000 ($65.33).

Shares of WTB stock opened at GBX 4,817 ($62.94) on Friday. The company has a debt-to-equity ratio of 13.31, a quick ratio of 5.77 and a current ratio of 5.90. Whitbread has a fifty-two week low of GBX 3,870 ($50.57) and a fifty-two week high of GBX 5,162 ($67.45). The business has a 50-day moving average price of GBX 4,659.52. The firm has a market cap of $8.38 billion and a price-to-earnings ratio of 2.37.

The business also recently disclosed a dividend, which was paid on Friday, July 5th. Stockholders of record on Thursday, May 30th were issued a dividend of GBX 67 ($0.88) per share. This is a positive change from Whitbread’s previous dividend of $32.70. The ex-dividend date was Thursday, May 30th. This represents a dividend yield of 1.5%. Whitbread’s dividend payout ratio is currently 0.05%.

In related news, insider Louise Smalley sold 232 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was 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 2,166 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of GBX 4,619 ($60.36), for a total value of £100,047.54 ($130,729.83). In the last three months, insiders have sold 15,063 shares of company stock worth $69,581,470.

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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Analyst Recommendations for Whitbread (LON:WTB)

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