Whitbread plc (WTB) Receives GBX 5,010 Consensus Price Target from Analysts
Shares of Whitbread plc (LON:WTB) have earned an average rating of “Hold” from the seventeen research firms that are presently covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is GBX 4,981.82 ($65.10).
Several analysts have recently commented on the stock. Numis Securities restated an “under review” rating on shares of Whitbread in a research note on Friday, August 31st. JPMorgan Chase & Co. upgraded shares of Whitbread to an “overweight” rating and raised their price objective for the company from GBX 4,470 ($58.41) to GBX 5,500 ($71.87) in a research note on Friday, September 14th. Shore Capital reiterated a “buy” rating on shares of Whitbread in a research note on Friday, September 7th. Canaccord Genuity started coverage on shares of Whitbread in a research note on Friday, September 7th. They issued a “buy” rating and a GBX 4,500 ($58.80) price objective for the company. Finally, UBS Group reiterated a “neutral” rating on shares of Whitbread in a research note on Friday, August 31st.
Whitbread stock traded down GBX 135 ($1.76) during midday trading on Monday, hitting GBX 4,488 ($58.64). 172,537 shares of the company’s stock were exchanged, compared to its average volume of 564,229. Whitbread has a 12-month low of GBX 3,499.90 ($45.73) and a 12-month high of GBX 4,333 ($56.62).
In other Whitbread news, insider Adam Crozier bought 2,000 shares of the business’s stock in a transaction on Tuesday, November 13th. The stock was bought at an average price of GBX 4,561 ($59.60) per share, for a total transaction of £91,220 ($119,195.09). Also, insider Richard Gillingwater bought 1,000 shares of the business’s stock in a transaction on Thursday, November 1st. The shares were acquired at an average price of GBX 4,531 ($59.21) per share, with a total value of £45,310 ($59,205.54).
Whitbread Company Profile
Whitbread PLC operates hotels, restaurants, and coffee shops. The company operates through two segments, Premier Inn and Costa. It operates approximately 785 hotels with 72,466 rooms in the United Kingdom, as well as hotels under the Premier Inn brand name; hotels under the hub by Premier Inn brand name in the United Kingdom; and restaurants under the Brewers Fayre, Beefeater Grill, Bar+Block, and Table Table brands.
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