Whitbread (LON:WTB) Price Target Lowered to GBX 2,450 at JPMorgan Chase & Co.

Whitbread (LON:WTB) had its price objective cut by investment analysts at JPMorgan Chase & Co. from GBX 2,900 to GBX 2,450 in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 3.38% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 3,700 target price on shares of Whitbread in a research report on Tuesday, November 25th. Peel Hunt restated a “buy” rating and set a GBX 3,500 price objective on shares of Whitbread in a research note on Thursday, October 16th. Citigroup lifted their target price on Whitbread from GBX 3,600 to GBX 3,800 and gave the company a “buy” rating in a research report on Thursday, August 21st. Finally, Shore Capital reiterated a “buy” rating on shares of Whitbread in a report on Thursday, October 16th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,387.50.

Whitbread Stock Down 1.4%

Whitbread stock traded down GBX 33 during midday trading on Tuesday, reaching GBX 2,370. The stock had a trading volume of 1,455,912 shares, compared to its average volume of 2,402,276. The firm’s fifty day simple moving average is GBX 2,977.15 and its 200-day simple moving average is GBX 2,993.91. Whitbread has a 1-year low of GBX 2,253 and a 1-year high of GBX 3,302. The stock has a market capitalization of £4.05 billion, a P/E ratio of 16.56, a price-to-earnings-growth ratio of -3.09 and a beta of 1.11. The company has a debt-to-equity ratio of 33.18, a quick ratio of 1.74 and a current ratio of 0.96.

Whitbread (LON:WTB) last issued its quarterly earnings results on Thursday, October 16th. The company reported GBX 133.70 earnings per share for the quarter. Whitbread had a net margin of 8.08% and a return on equity of 6.83%. As a group, analysts expect that Whitbread will post 227.1851852 EPS for the current fiscal year.

Insider Activity at Whitbread

In other Whitbread news, insider Richard Gillingwater purchased 500 shares of the company’s stock in a transaction dated Tuesday, October 21st. The stock was bought at an average cost of GBX 2,974 per share, for a total transaction of £14,870. Also, insider Christine Mary Hodgson purchased 10,000 shares of Whitbread stock in a transaction that occurred on Friday, October 17th. The shares were bought at an average cost of GBX 2,880 per share, for a total transaction of £288,000. Company insiders own 0.38% of the company’s stock.

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.