Whitbread (LON:WTB) Receives Buy Rating from Panmure Gordon

Whitbread (LON:WTB)‘s stock had its “buy” rating reaffirmed by stock analysts at Panmure Gordon in a report released on Tuesday,Digital Look reports. They presently have a GBX 3,700 price target on the stock. Panmure Gordon’s price objective would suggest a potential upside of 31.77% from the company’s current price.

Several other brokerages have also weighed in on WTB. Peel Hunt reaffirmed a “buy” rating and issued a GBX 3,500 target price on shares of Whitbread in a research report on Thursday, October 16th. Citigroup increased their price objective on shares of Whitbread from GBX 3,600 to GBX 3,800 and gave the stock a “buy” rating in a report on Thursday, August 21st. JPMorgan Chase & Co. upped their target price on shares of Whitbread from GBX 2,800 to GBX 2,900 and gave the stock a “neutral” rating in a research report on Friday, October 17th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Whitbread in a report on Thursday, October 16th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Whitbread currently has a consensus rating of “Moderate Buy” and an average price target of GBX 3,480.

Whitbread Stock Performance

WTB stock traded up GBX 6 during midday trading on Tuesday, reaching GBX 2,808. The company had a trading volume of 782,153 shares, compared to its average volume of 2,431,569. The company has a quick ratio of 1.74, a current ratio of 0.96 and a debt-to-equity ratio of 33.18. The stock has a 50 day moving average price of GBX 3,037.93 and a 200 day moving average price of GBX 3,002.06. Whitbread has a fifty-two week low of GBX 2,253 and a fifty-two week high of GBX 3,302. The firm has a market capitalization of £4.80 billion, a PE ratio of 19.62, a P/E/G ratio of -3.09 and a beta of 1.11.

Whitbread (LON:WTB) last announced its quarterly earnings results on Thursday, October 16th. The company reported GBX 133.70 earnings per share for the quarter. Whitbread had a return on equity of 6.83% and a net margin of 8.08%. Analysts anticipate that Whitbread will post 227.1851852 earnings per share for the current year.

Insider Transactions at Whitbread

In related news, insider Richard Gillingwater purchased 500 shares of the company’s stock in a transaction on Tuesday, October 21st. The shares were bought at an average cost of GBX 2,974 per share, for a total transaction of £14,870. Also, insider Christine Mary Hodgson purchased 10,000 shares of Whitbread stock in a transaction dated Friday, October 17th. The stock was bought at an average cost of GBX 2,880 per share, with a total value of £288,000. 0.38% of the stock is currently owned by insiders.

Whitbread Company Profile

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.