Whitbread plc Stock Rating Reaffirmed by Raymond James (WTB)
Whitbread plc (LON:WTB)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Raymond James in a research note issued to investors on Wednesday. They currently have a GBX 3,900 ($65.60) target price on the stock. Raymond James’ price objective indicates a potential downside of 2.33% from the stock’s previous close.
Whitbread plc (LON:WTB) opened at 4028.00 on Wednesday. Whitbread plc has a 1-year low of GBX 2810.00 and a 1-year high of GBX 4990.00. The stock has a 50-day moving average of GBX 4076. and a 200-day moving average of GBX 3902.. The company’s market cap is £7.262 billion.
The company also recently declared a dividend, which is scheduled for Friday, July 4th. Investors 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.
WTB has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “hold” rating on shares of Whitbread plc in a research note on Friday, May 2nd. They now have a GBX 3,900 ($65.60) price target on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of Whitbread plc from GBX 4,300 ($72.33) to GBX 4,400 ($74.01) in a research note on Wednesday, April 30th. They now have an “equal weight” rating on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Whitbread plc from GBX 4,650 ($78.22) to GBX 4,600 ($77.38) in a research note on Wednesday, April 30th. They now have an “overweight” rating on the stock. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 3,757.33 ($63.20).
Whitbread PLC is engaged in the operation of a hotels and restaurants business and a coffee shop business.
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