Whitbread Upgraded to “Buy” by Citigroup Inc. (WTB)
Whitbread (LON:WTB) was upgraded by investment analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday, Stock Ratings Network reports. The firm currently has a GBX 3,570 ($57.28) target price on the stock, up from their previous target price of GBX 2,900 ($46.53). Citigroup Inc.’s price objective indicates a potential upside of 14.64% from the stock’s previous close.
Shares of Whitbread (LON:WTB) opened at 3189.00 on Friday. Whitbread has a one year low of GBX 2243.00 and a one year high of GBX 3311.00. The stock has a 50-day moving average of GBX 3138. and a 200-day moving average of GBX 2876.83. The company’s market cap is £5.680 billion.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale reiterated a “sell” rating on shares of Whitbread in a research note to investors on Thursday, October 3rd. They now have a GBX 2,900 ($46.53) price target on the stock. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Whitbread in a research note to investors on Friday, September 27th. They now have a GBX 3,100 ($49.74) price target on the stock. Finally, analysts at AlphaValue reiterated a “reduce” rating on shares of Whitbread in a research note to investors on Thursday, September 26th. They now have a GBX 2,975 ($47.73) price target on the stock. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 3,038.32 ($48.75).
Whitbread PLC is engaged in the operation of a hotels and restaurants business and a coffee shop business.
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