Whitbread plc (WTB) Earns “Outperform” Rating from Credit Suisse Group
Whitbread plc (LON:WTB)‘s stock had its “outperform” rating reissued by equities researchers at Credit Suisse Group in a report released on Monday. They currently have a GBX 4,870 ($63.08) price target on the stock. Credit Suisse Group’s price target would indicate a potential upside of 24.08% from the company’s previous close.
Several other analysts have also commented on WTB. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 4,000 ($51.81) price objective on shares of Whitbread plc in a research report on Wednesday, June 28th. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 3,925 ($50.84) price objective on shares of Whitbread plc in a research report on Thursday. Panmure Gordon reaffirmed a “hold” rating on shares of Whitbread plc in a research report on Wednesday, June 21st. Shore Capital reaffirmed a “buy” rating on shares of Whitbread plc in a research report on Wednesday, June 21st. Finally, Kepler Capital Markets lifted their price objective on shares of Whitbread plc from GBX 3,500 ($45.34) to GBX 3,600 ($46.63) and gave the stock a “reduce” rating in a research report on Thursday, June 22nd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. Whitbread plc has a consensus rating of “Hold” and a consensus price target of GBX 4,215.60 ($54.61).
Whitbread plc (LON:WTB) traded down 1.06% on Monday, reaching GBX 3925.00. 334,663 shares of the company’s stock traded hands. The company’s 50 day moving average is GBX 4,078.31 and its 200-day moving average is GBX 3,966.82. The stock’s market cap is GBX 7.16 billion. Whitbread plc has a 52-week low of GBX 3,283.00 and a 52-week high of GBX 4,333.00.
The company also recently announced a dividend, which was paid on Friday, June 30th. Investors of record on Thursday, May 25th were issued a dividend of GBX 65.90 ($0.85) per share. This represents a yield of 1.65%. The ex-dividend date was Thursday, May 25th. This is a positive change from Whitbread plc’s previous dividend of $29.90.
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In other news, insider Adam Crozier bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were acquired at an average price of GBX 4,074 ($52.77) per share, with a total value of £40,740 ($52,772.02).
About Whitbread plc
Whitbread PLC is a 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 consists of operations of its branded, owned and franchised coffee outlets.
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