Whitbread Stock Rating Reaffirmed by JPMorgan Chase & Co. (WTB)
Whitbread (LON:WTB)‘s stock had its “neutral” rating restated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Monday, American Banking & Market News reports. They currently have a GBX 3,250 ($51.88) price objective on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 0.74% from the stock’s previous close.
Shares of Whitbread (LON:WTB) traded up 0.50% on Monday, hitting GBX 3225.9998. The stock had a trading volume of 205,162 shares. Whitbread has a 1-year low of GBX 2243.00 and a 1-year high of GBX 3311.00. The stock’s 50-day moving average is GBX 3138. and its 200-day moving average is GBX 2876.83. The company’s market cap is £5.746 billion.
A number of other analysts have also recently weighed in on WTB. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Whitbread in a research note to investors on Friday. They now have a GBX 3,350 ($53.48) price target on the stock. Separately, analysts at Citigroup Inc. upgraded shares of Whitbread from a “neutral” rating to a “buy” rating in a research note to investors on Friday. They now have a GBX 3,570 ($56.99) price target on the stock, up previously from GBX 2,900 ($46.30). Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Whitbread in a research note to investors on Monday, October 7th. They now have a GBX 2,900 ($46.30) price target on the stock. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 3,038.32 ($48.50).
Whitbread PLC is engaged in the operation of a hotels and restaurants business and a coffee shop business.
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