Deutsche Bank Aktiengesellschaft Cuts Whitbread (LON:WTB) Price Target to GBX 2,530

Whitbread (LON:WTB) had its price objective lowered by Deutsche Bank Aktiengesellschaft from GBX 2,815 to GBX 2,530 in a report published on Wednesday,Digital Look reports. The brokerage currently has a hold rating on the stock.

WTB has been the subject of a number of other research reports. Citigroup upped their price target on shares of Whitbread from GBX 3,100 to GBX 3,300 and gave the stock a “buy” rating in a report on Thursday, January 15th. Berenberg Bank cut Whitbread to a “hold” rating and set a GBX 2,900 target price for the company. in a research note on Monday, January 19th. Finally, JPMorgan Chase & Co. reduced their target price on Whitbread from GBX 2,550 to GBX 2,500 and set a “neutral” rating on the stock in a report on Monday, March 30th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Whitbread has an average rating of “Moderate Buy” and an average target price of GBX 3,071.67.

Whitbread Price Performance

Shares of LON WTB opened at GBX 2,410 on Wednesday. The business has a fifty day moving average price of GBX 2,417.32 and a two-hundred day moving average price of GBX 2,600.22. The stock has a market capitalization of £4.02 billion, a PE ratio of 19.69, a P/E/G ratio of -3.09 and a beta of 0.64. The company has a debt-to-equity ratio of 174.28, a current ratio of 0.44 and a quick ratio of 1.74. Whitbread has a fifty-two week low of GBX 2,098 and a fifty-two week high of GBX 3,302.

Whitbread (LON:WTB) last released its earnings results on Thursday, April 30th. The company reported GBX 123.30 earnings per share (EPS) for the quarter. The company had revenue of GBX 292.02 billion for the quarter. Whitbread had a return on equity of 6.73% and a net margin of 7.29%. As a group, equities analysts predict that Whitbread will post 227.1851852 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Kal Atwal purchased 462 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was acquired at an average cost of GBX 2,737 per share, with a total value of £12,644.94. Also, insider Christine Mary Hodgson bought 7,750 shares of Whitbread stock in a transaction dated Monday, February 16th. The stock was acquired at an average cost of GBX 2,706 per share, with a total value of £209,715. In the last ninety days, insiders purchased 9,502 shares of company stock valued at $25,214,604. Corporate insiders own 0.40% of the company’s stock.

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.