Whitbread Lowered to “Neutral” at Citigroup Inc. (WTB)
Whitbread (LON:WTB) was downgraded by investment analysts at Citigroup Inc. to a “neutral” rating in a note issued to investors on Friday, Stock Ratings Network.com reports. They currently have a GBX 4,280 ($70.26) target price on the stock, up from their previous target price of GBX 4,000 ($65.66). Citigroup Inc.’s price target suggests a potential upside of 11.92% from the company’s current price.
Shares of Whitbread (LON:WTB) traded down 2.20% on Friday, hitting GBX 3824.0002. The stock had a trading volume of 697,589 shares. Whitbread has a 52-week low of GBX 2382.00 and a 52-week high of GBX 3995.00. The stock’s 50-day moving average is GBX 3732.91 and its 200-day moving average is GBX 3355.16. The company’s market cap is £6.833 billion.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of Whitbread from GBX 3,920 ($64.35) to GBX 4,235 ($69.52) in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Whitbread from GBX 2,700 ($44.32) to GBX 3,600 ($59.09) in a research note to investors on Monday, January 13th. They now have a “hold” rating on the stock. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 3,453.80 ($56.69).
Whitbread PLC is engaged in the operation of a hotels and restaurants business and a coffee shop business.
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