JPMorgan Chase & Co. Cuts Whitbread (LON:WTB) Price Target to GBX 2,450

Whitbread (LON:WTB) had its price target decreased by JPMorgan Chase & Co. from GBX 2,900 to GBX 2,450 in a report published on Tuesday, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other research analysts have also recently weighed in on WTB. Citigroup raised their target price on Whitbread from GBX 3,600 to GBX 3,800 and gave the company a “buy” rating in a research note on Thursday, August 21st. Shore Capital reissued a “buy” rating on shares of Whitbread in a research note on Thursday, October 16th. Panmure Gordon restated a “buy” rating and issued a GBX 3,700 target price on shares of Whitbread in a report on Tuesday, November 25th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 3,500 target price on shares of Whitbread in a research report on Thursday, October 16th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 3,294.17.

Whitbread Stock Performance

Shares of LON WTB opened at GBX 2,372 on Tuesday. Whitbread has a 12-month low of GBX 2,253 and a 12-month high of GBX 3,302. The company has a market cap of £4.06 billion, a PE ratio of 16.58, a P/E/G ratio of -3.09 and a beta of 1.11. The stock has a 50 day simple moving average of GBX 2,945.49 and a 200-day simple moving average of GBX 2,985.26. The company has a current ratio of 0.96, a quick ratio of 1.74 and a debt-to-equity ratio of 33.18.

Whitbread (LON:WTB) last issued its quarterly earnings results on Thursday, October 16th. The company reported GBX 133.70 EPS for the quarter. Whitbread had a return on equity of 6.83% and a net margin of 8.08%. On average, equities research analysts forecast that Whitbread will post 227.1851852 EPS for the current year.

Insider Buying and Selling at Whitbread

In other news, insider Christine Mary Hodgson acquired 10,000 shares of Whitbread stock in a transaction that occurred on Friday, October 17th. The stock was purchased at an average price of GBX 2,880 per share, with a total value of £288,000. Also, insider Richard Gillingwater bought 500 shares of the stock in a transaction on Tuesday, October 21st. The stock was purchased at an average price of GBX 2,974 per share, for a total transaction of £14,870. 0.38% of the stock is currently owned by company insiders.

About Whitbread

Whitbread is the owner of Premier Inn, the UK’s biggest
hotel brand, with 86,000 rooms in over 850 hotels
and a growing presence in Germany with 10,500 rooms in
59 hotels, offering quality accommodation at affordable
prices in great locations.

People are at the heart of our business. We employ over
38,000 team members in over 900 Premier Inn hotels
across the UK and Germany.