Deutsche Bank AG Reaffirms Buy Rating for Whitbread plc (WTB)
Whitbread plc (LON:WTB)‘s stock had its “buy” rating restated by investment analysts at Deutsche Bank AG in a report released on Monday.
Other equities research analysts have also issued reports about the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 5,000 ($65.27) price objective on shares of Whitbread plc in a research report on Wednesday, August 10th. Beaufort Securities reiterated a “buy” rating on shares of Whitbread plc in a research report on Wednesday, June 22nd. HSBC initiated coverage on shares of Whitbread plc in a research report on Monday, September 19th. They issued a “buy” rating and a GBX 4,800 ($62.66) price objective on the stock. Barclays PLC reiterated an “equal weight” rating and issued a GBX 4,150 ($54.17) price objective on shares of Whitbread plc in a research report on Wednesday, June 15th. Finally, Kepler Capital Markets decreased their price objective 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 research report on Wednesday, July 6th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company’s stock. Whitbread plc presently has an average rating of “Hold” and an average target price of GBX 4,514.89 ($58.93).
Shares of Whitbread plc (LON:WTB) traded down 2.3951% during trading on Monday, hitting GBX 3792.3965. The stock had a trading volume of 608,391 shares. The firm’s market cap is GBX 6.89 billion. Whitbread plc has a 52-week low of GBX 3,283.00 and a 52-week high of GBX 4,968.00. The stock has a 50 day moving average of GBX 4,051.14 and a 200 day moving average of GBX 3,933.76.
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In other Whitbread plc news, insider Smalley,Louise sold 470 shares of the company’s stock in a transaction that occurred on 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).
Whitbread plc Company Profile
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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