Whitbread plc (WTB) Rating Reiterated by HSBC
Whitbread plc (LON:WTB)‘s stock had its “buy” rating reaffirmed by investment analysts at HSBC in a report released on Monday. They presently have a GBX 4,800 ($59.97) price objective on the stock. HSBC’s target price points to a potential upside of 35.36% from the stock’s current price.
A number of other equities analysts have also issued reports on the stock. Morgan Stanley reiterated an “overweight” rating and issued a GBX 4,700 ($58.72) target price on shares of Whitbread plc in a research report on Tuesday, November 8th. Barclays PLC lowered shares of Whitbread plc to an “underweight” rating and set a GBX 3,220 ($40.23) target price for the company. in a research report on Tuesday, July 19th. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 4,400 ($54.97) target price on shares of Whitbread plc in a research report on Monday, September 19th. Deutsche Bank AG reiterated a “buy” rating on shares of Whitbread plc in a research report on Monday, October 3rd. Finally, Panmure Gordon reiterated a “hold” rating and issued a GBX 4,000 ($49.98) target price on shares of Whitbread plc in a research report on Tuesday, October 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. Whitbread plc currently has an average rating of “Hold” and a consensus target price of GBX 4,444.11 ($55.52).
Shares of Whitbread plc (LON:WTB) opened at 3546.00 on Monday. Whitbread plc has a one year low of GBX 3,283.00 and a one year high of GBX 4,826.00. The stock’s 50 day moving average is GBX 3,730.73 and its 200-day moving average is GBX 3,895.64. The stock’s market capitalization is GBX 6.46 billion.
The business also recently declared a dividend, which will be paid on Friday, December 16th. Shareholders of record on Thursday, November 10th will be issued a dividend of GBX 29.90 ($0.37) per share. The ex-dividend date is Thursday, November 10th. This represents a yield of 0.81%.
About Whitbread plc
Whitbread PLC is a 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 consists of operations of its branded, owned and franchised coffee outlets.
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