Whitbread’s (WTB) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Whitbread (LON:WTB) in a report published on Thursday, Marketbeat.com reports. The brokerage currently has a GBX 4,000 ($51.93) target price on the stock.

Other analysts have also issued reports about the company. Shore Capital reissued a “buy” rating on shares of Whitbread in a report on Wednesday, October 16th. The Goldman Sachs Group downgraded Whitbread to a “neutral” rating in a report on Wednesday, September 18th. Finally, Jefferies Financial Group raised their price objective on Whitbread from GBX 39 ($0.51) to GBX 40 ($0.52) and gave the stock a “buy” rating in a research note on Tuesday, August 20th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,746.67 ($35.66).

Whitbread Price Performance

WTB opened at GBX 3,293 ($42.76) on Thursday. The company has a market capitalization of £5.88 billion, a P/E ratio of 2,058.13, a PEG ratio of -3.09 and a beta of 1.11. The company has a 50-day moving average of GBX 3,047.30 and a 200-day moving average of GBX 3,010.76. The company has a debt-to-equity ratio of 144.72, a quick ratio of 1.74 and a current ratio of 1.02. Whitbread has a 1-year low of GBX 2,723 ($35.35) and a 1-year high of GBX 3,714 ($48.22).

Whitbread Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, October 31st will be given a GBX 34.60 ($0.45) dividend. This represents a yield of 1.13%. The ex-dividend date of this dividend is Thursday, October 31st. Whitbread’s dividend payout ratio (DPR) is 6,062.50%.

Whitbread Company Profile

Whitbread plc operates hotels and restaurants in the United Kingdom, Germany, and internationally. It operates hotels with rooms in the United Kingdom; Middle East; and Germany under the Premier Inn, ZIP by Premier Inn, and hub by Premier Inn brands. The company operates restaurants under the Brewers Fayre, Beefeater, Cookhouse & Pub, Bar+Block Steakhouse, Thyme, and Table Table brands in the United Kingdom.