Whitbread plc (LON:WTB) Stock Has Average Price Target of GBX 2,970.56 According to Brokerages

Shares of Whitbread plc (LON:WTB) have received a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 2,970.56.

A number of analysts have commented on the stock. Shore Capital Group reaffirmed a “buy” rating and set a GBX 3,700 price objective on shares of Whitbread in a research note on Thursday, June 18th. Citigroup upped 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 Friday, August 21st. Berenberg Bank reiterated a “hold” rating and issued a GBX 2,280 target price on shares of Whitbread in a research report on Monday, June 22nd. Jefferies Financial Group lifted their target price on shares of Whitbread from GBX 2,050 to GBX 2,250 and gave the company a “hold” rating in a research note on Wednesday, August 26th. Finally, UBS Group restated a “buy” rating and set a GBX 2,975 price target on shares of Whitbread in a report on Friday, June 12th.

Whitbread Stock Up 0.9%

WTB opened at GBX 2,348 on Monday. The company has a debt-to-equity ratio of 174.28, a quick ratio of 1.74 and a current ratio of 0.44. The company has a market capitalization of £3.92 billion, a PE ratio of 19.18, a P/E/G ratio of -3.09 and a beta of 0.65. The stock’s fifty day moving average is GBX 2,424.82 and its 200-day moving average is GBX 2,396.22. Whitbread has a one year low of GBX 2,098 and a one year high of GBX 3,302.

Insider Buying and Selling at Whitbread

In other news, insider Dominic Paul bought 717 shares of the business’s stock in a transaction on Friday, July 3rd. The stock was purchased at an average price of GBX 2,410 per share, with a total value of £17,279.70. Also, insider Shelley Roberts bought 485 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were purchased at an average cost of GBX 2,456 per share, with a total value of £11,911.60. Company insiders own 0.42% of the company’s stock.

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.