Berenberg Bank Trims Whitbread (WTB) Target Price to GBX 4,900

Whitbread (LON:WTB) had its price objective dropped by stock analysts at Berenberg Bank from GBX 5,000 ($67.29) to GBX 4,900 ($65.95) in a report released on Wednesday. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 24.11% from the company’s previous close.

Several other equities analysts also recently commented on the stock. Citigroup reaffirmed a “sell” rating and set a GBX 3,200 ($43.07) price objective on shares of Whitbread in a research note on Monday, December 18th. Barclays reaffirmed an “equal weight” rating and set a GBX 3,800 ($51.14) price objective on shares of Whitbread in a research note on Thursday, December 7th. Morgan Stanley downgraded shares of Whitbread to an “equal weight” rating and lowered their price objective for the company from GBX 4,700 ($63.26) to GBX 4,500 ($60.57) in a research note on Wednesday, October 25th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 4,000 ($53.84) price objective on shares of Whitbread in a research note on Wednesday, October 25th. Finally, Beaufort Securities lowered their price objective on shares of Whitbread from GBX 3,600 ($48.45) to GBX 3,400 ($45.76) and set a “sell” rating for the company in a research note on Tuesday, October 24th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 4,116.19 ($55.40).

Whitbread (WTB) traded up GBX 48 ($0.65) during midday trading on Wednesday, reaching GBX 3,948 ($53.14). 227,956 shares of the company’s stock traded hands, compared to its average volume of 630,276. The stock has a market capitalization of $7,240.00 and a price-to-earnings ratio of 1,536.19. Whitbread has a twelve month low of GBX 3,499.90 ($47.10) and a twelve month high of GBX 4,333 ($58.32).

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Whitbread Company Profile

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.

Analyst Recommendations for Whitbread (LON:WTB)

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