Whitbread plc (WTB) PT Raised to GBX 3,760
Whitbread plc (LON:WTB) had its target price raised by equities researchers at JPMorgan Chase & Co. from GBX 3,682 ($48.06) to GBX 3,760 ($49.08) in a report released on Tuesday. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential downside of 3.44% from the stock’s current price.
A number of other analysts have also issued reports on the company. Kepler Capital Markets lowered their price target on Whitbread plc from GBX 4,200 ($54.82) to GBX 3,500 ($45.69) and set a “hold” rating for the company in a report on Wednesday, July 6th. Berenberg Bank reiterated a “buy” rating and issued a GBX 5,000 ($65.27) price target on shares of Whitbread plc in a report on Wednesday, August 10th. Barclays PLC lowered Whitbread plc to an “underweight” rating and lowered their price target for the company from GBX 4,150 ($54.17) to GBX 3,220 ($42.03) in a report on Tuesday, July 5th. Credit Suisse Group AG lowered Whitbread plc to a “neutral” rating and lowered their price target for the company from GBX 4,900 ($63.96) to GBX 4,400 ($57.43) in a report on Thursday, June 30th. Finally, Beaufort Securities reiterated a “buy” rating on shares of Whitbread plc in a report on Wednesday, June 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 4,514.89 ($58.93).
Shares of Whitbread plc (LON:WTB) opened at 3894.00 on Tuesday. The company’s market cap is GBX 7133.84 billion. The firm has a 50 day moving average price of GBX 4,068.92 and a 200-day moving average price of GBX 3,932.92. Whitbread plc has a 12-month low of GBX 3,283.00 and a 12-month high of GBX 4,968.00.
In other Whitbread plc news, insider Cadbury ,Nicholas sold 12,138 shares of the stock in a transaction dated Friday, July 1st. The stock was sold at an average price of GBX 3,501 ($45.70), for a total transaction of £424,951.38 ($554,694.40). Also, insider Smalley,Louise sold 470 shares of the stock in a transaction dated Monday, August 8th. The stock was sold at an average price of GBX 3,962 ($51.72), for a total value of £18,621.40 ($24,306.75).
About Whitbread plc
Whitbread PLC is a United Kingdom-based hospitality company. The Company operates hotels, coffee shops and restaurants. The Company operates in two segments: Hotels & Restaurants and Costa. The Hotels & Restaurants segment provides services in relation to accommodation and food. The Costa segment generates income from the operation of its branded, owned and franchised coffee outlets.
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