JPMorgan Chase & Co. Issues Pessimistic Forecast for Whitbread (LON:WTB) Stock Price

Whitbread (LON:WTB) had its target price lowered by equities research analysts at JPMorgan Chase & Co. from GBX 2,550 to GBX 2,500 in a research report issued to clients and investors on Monday,London Stock Exchange reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 12.06% from the company’s previous close.

A number of other analysts have also commented on WTB. Deutsche Bank Aktiengesellschaft lowered Whitbread to a “hold” rating and dropped their price target for the stock from GBX 3,375 to GBX 2,815 in a research note on Wednesday, December 3rd. Citigroup boosted their price objective on shares of Whitbread from GBX 3,100 to GBX 3,300 and gave the company a “buy” rating in a research report on Thursday, January 15th. Finally, Berenberg Bank lowered shares of Whitbread to a “hold” rating and set a GBX 2,900 price objective for the company. in a report on Monday, January 19th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Whitbread presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,119.17.

Whitbread Price Performance

Shares of WTB stock opened at GBX 2,231 on Monday. The company has a debt-to-equity ratio of 178.99, a quick ratio of 1.74 and a current ratio of 0.66. Whitbread has a fifty-two week low of GBX 2,218 and a fifty-two week high of GBX 3,302. The firm has a market cap of £3.72 billion, a P/E ratio of 15.59, a P/E/G ratio of -3.09 and a beta of 0.62. The business’s 50 day moving average price is GBX 2,589.59 and its 200-day moving average price is GBX 2,746.24.

Insider Buying and Selling

In other news, insider Christine Mary Hodgson bought 7,750 shares of the firm’s stock in a transaction dated Monday, February 16th. The stock was purchased at an average price of GBX 2,706 per share, with a total value of £209,715. Also, insider Kal Atwal bought 462 shares of the stock in a transaction dated Wednesday, February 18th. The stock was purchased at an average price of GBX 2,737 per share, with a total value of £12,644.94. 0.40% of the stock is currently owned by corporate insiders.

About Whitbread

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.