Whitbread plc’s Overweight Rating Reaffirmed at JPMorgan Chase & Co. (WTB)
Whitbread plc (LON:WTB)‘s stock had its “overweight” rating reiterated by JPMorgan Chase & Co. in a research note issued on Friday. They currently have a GBX 4,600 ($77.12) price objective on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 8.01% from the stock’s previous close.
A number of other analysts have also recently weighed in on WTB. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Whitbread plc in a research note on Thursday. They now have a GBX 4,650 ($77.95) price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Whitbread plc in a research note on Thursday. They now have a GBX 4,750 ($79.63) price target on the stock. Finally, analysts at Societe Generale upgraded shares of Whitbread plc to a “buy” rating in a research note on Friday, May 30th. They now have a GBX 4,800 ($80.47) price target on the stock, up previously from GBX 2,900 ($48.62). Three analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 3,886.27 ($65.15).
Shares of Whitbread plc (LON:WTB) traded up 2.25% during mid-day trading on Friday, hitting GBX 4355.00. The stock had a trading volume of 354,630 shares. Whitbread plc has a 52 week low of GBX 2810.00 and a 52 week high of GBX 4990.00. The stock has a 50-day moving average of GBX 4101.02 and a 200-day moving average of GBX 3960.93. The company’s market cap is £7.851 billion.
The company also recently declared a dividend, which is scheduled for Friday, July 4th. Stockholders 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.
Whitbread PLC is engaged in the operation of a hotels and restaurants business and a coffee shop business.
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