Barclays PLC Reaffirms “Underweight” Rating for Whitbread plc (WTB)
Whitbread plc (LON:WTB)‘s stock had its “underweight” rating reissued by investment analysts at Barclays PLC in a research report issued to clients and investors on Thursday. They currently have a GBX 3,220 ($42.03) target price on the stock. Barclays PLC’s target price suggests a potential downside of 19.56% from the company’s previous close.
Other research analysts also recently issued reports about the stock. Berenberg Bank reissued a “buy” rating and set a GBX 5,000 ($65.27) price target on shares of Whitbread plc in a research note on Wednesday, August 10th. Deutsche Bank AG reissued a “buy” rating and set a GBX 4,665 ($60.89) price target on shares of Whitbread plc in a research note on Thursday, July 14th. Beaufort Securities reissued a “buy” rating on shares of Whitbread plc in a research note on Wednesday, June 22nd. HSBC began coverage on shares of Whitbread plc in a research note on Monday. They set a “buy” rating and a GBX 4,800 ($62.66) price target on the stock. Finally, Kepler Capital Markets cut their target price on shares of Whitbread plc from GBX 4,200 ($54.82) to GBX 3,500 ($45.69) and set a “hold” rating on the stock in a report on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 4,510.79 ($58.88).
Whitbread plc (LON:WTB) opened at 3994.00 on Thursday. The firm’s market cap is GBX 7.26 billion. Whitbread plc has a 12-month low of GBX 3,283.00 and a 12-month high of GBX 4,968.00. The firm’s 50-day moving average is GBX 4,060.86 and its 200 day moving average is GBX 3,924.78.
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In other news, insider Cadbury ,Nicholas sold 12,138 shares of Whitbread plc stock in a transaction dated Friday, July 1st. The stock was sold at an average price of GBX 3,501 ($45.70), for a total value of £424,951.38 ($554,694.40). Also, insider Smalley,Louise sold 470 shares of Whitbread plc stock in a transaction dated Monday, August 8th. The stock was sold at an average price of GBX 3,962 ($51.72), for a total value of £18,621.40 ($24,306.75).
About Whitbread plc
Whitbread PLC is a United Kingdom-based hospitality company. The Company operates hotels, coffee shops and restaurants. The Company operates in two segments: Hotels & Restaurants and Costa. The Hotels & Restaurants segment provides services in relation to accommodation and food. The Costa segment generates income from the operation of its branded, owned and franchised coffee outlets.
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