Jefferies Financial Group Issues Positive Forecast for Whitbread (LON:WTB) Stock Price

Whitbread (LON:WTB) had its price target lifted by analysts at Jefferies Financial Group from GBX 2,050 to GBX 2,250 in a research note issued to investors on Wednesday,Digital Look reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price target points to a potential downside of 10.36% from the stock’s current price.

Several other research analysts also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Whitbread from GBX 2,815 to GBX 2,530 and set a “hold” rating for the company in a report on Wednesday, May 6th. Berenberg Bank reissued a “hold” rating and set a GBX 2,280 price objective on shares of Whitbread in a report on Monday, June 22nd. Citigroup boosted their price objective on Whitbread from GBX 3,100 to GBX 3,300 and gave the stock a “buy” rating in a research report on Friday, August 21st. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 3,700 target price on shares of Whitbread in a report on Thursday, June 18th. Finally, UBS Group reiterated a “buy” rating and issued a GBX 2,975 target price on shares of Whitbread in a research report on Friday, June 12th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,970.56.

Whitbread Price Performance

Shares of LON:WTB opened at GBX 2,510 on Wednesday. The company has a market cap of £4.20 billion, a price-to-earnings ratio of 20.51, a PEG ratio of -3.09 and a beta of 0.65. The company has a debt-to-equity ratio of 174.28, a current ratio of 0.44 and a quick ratio of 1.74. The firm has a 50 day simple moving average of GBX 2,435.95 and a 200 day simple moving average of GBX 2,440.88. Whitbread has a one year low of GBX 2,098 and a one year high of GBX 3,302.

Insider Buying and Selling at Whitbread

In other Whitbread news, insider Shelley Roberts acquired 485 shares of Whitbread stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average price of GBX 2,456 per share, with a total value of £11,911.60. Also, insider Dominic Paul acquired 717 shares of the firm’s stock in a transaction that occurred on Friday, July 3rd. The stock was bought at an average price of GBX 2,410 per share, with a total value of £17,279.70. 0.42% of the stock is currently owned by company 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.