Whitbread plc (LON:WTB) Receives GBX 2,970.56 Consensus Price Target from Analysts

Shares of Whitbread plc (LON:WTB) have earned a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 2,970.56.

WTB has been the topic of several recent research reports. Citigroup upped 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 set a GBX 3,700 target price on shares of Whitbread in a report on Thursday, June 18th. UBS Group reiterated a “buy” rating and issued a GBX 2,975 target price on shares of Whitbread in a research note on Friday, June 12th. Berenberg Bank reissued a “hold” rating and set a GBX 2,280 price target on shares of Whitbread in a report on Monday, June 22nd. Finally, Jefferies Financial Group raised their price target on shares of Whitbread from GBX 2,050 to GBX 2,250 and gave the company a “hold” rating in a research report on Wednesday, August 26th.

Whitbread Stock Down 0.7%

Whitbread stock opened at GBX 2,322 on Monday. The firm has a market cap of £3.88 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of -3.09 and a beta of 0.65. Whitbread has a 52 week low of GBX 2,098 and a 52 week high of GBX 3,302. The business’s 50-day moving average price is GBX 2,426.40 and its 200 day moving average price is GBX 2,397.94. The company has a quick ratio of 1.74, a current ratio of 0.44 and a debt-to-equity ratio of 174.28.

Insider Transactions at Whitbread

In other Whitbread news, insider Dominic Paul purchased 717 shares of Whitbread 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. Also, insider Shelley Roberts purchased 485 shares of the stock in a transaction on Tuesday, August 11th. The shares were acquired at an average price of GBX 2,456 per share, for a total transaction of £11,911.60. 0.42% of the stock is 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.