Whitbread plc Price Target Cut to GBX 4,600 by Analysts at JPMorgan Chase & Co. (WTB)
Analysts at JPMorgan Chase & Co. reduced their price target on shares of Whitbread plc (LON:WTB) from GBX 4,650 ($78.13) to GBX 4,600 ($77.28) in a research report issued to clients and investors on Wednesday, ARN reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 13.02% from the company’s current price.
Whitbread plc (LON:WTB) traded up 0.02% on Wednesday, hitting GBX 4070.00. The stock had a trading volume of 568,889 shares. Whitbread plc has a 1-year low of GBX 2636.6001 and a 1-year high of GBX 4990.00. The stock has a 50-day moving average of GBX 4131. and a 200-day moving average of GBX 3835.82. The company’s market cap is £7.273 billion.
The company also recently declared a dividend, which is scheduled for Friday, July 4th. Shareholders of record on Wednesday, May 28th will be given a dividend of GBX 47 ($0.79) per share. This represents a yield of 1.15%. The ex-dividend date of this dividend is Wednesday, May 28th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Beaufort Securities reiterated a “buy” rating on shares of Whitbread plc in a research note on Wednesday. Separately, analysts at Societe Generale reiterated a “sell” rating on shares of Whitbread plc in a research note on Tuesday. They now have a GBX 2,900 ($48.72) price target on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of Whitbread plc in a research note on Friday, April 25th. They now have a GBX 4,770 ($80.14) price target on the stock. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 3,733.96 ($62.73).
Whitbread PLC is engaged in the operation of a hotels and restaurants business and a coffee shop business.
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