Berenberg Bank Cuts Whitbread (LON:WTB) Price Target to GBX 2,900

Whitbread (LON:WTB) had its target price lowered by Berenberg Bank from GBX 3,500 to GBX 2,900 in a research note published on Thursday, MarketBeat reports. The brokerage currently has a buy rating on the stock.

WTB has been the topic of a number of other research reports. Peel Hunt reissued a “buy” rating and issued a GBX 3,500 target price on shares of Whitbread in a report on Thursday, October 16th. Panmure Gordon reiterated a “buy” rating and set a GBX 3,700 price target on shares of Whitbread in a research report on Tuesday, November 25th. Shore Capital reissued a “buy” rating on shares of Whitbread in a report on Thursday, October 16th. JPMorgan Chase & Co. lowered their price objective on Whitbread from GBX 2,900 to GBX 2,450 and set a “neutral” rating for the company in a research note on Tuesday, December 2nd. Finally, Citigroup increased their target price on Whitbread from GBX 3,600 to GBX 3,800 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,194.17.

Whitbread Stock Performance

Shares of WTB opened at GBX 2,401 on Thursday. 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 has a 12-month low of GBX 2,253 and a 12-month high of GBX 3,302. The company has a 50-day moving average of GBX 2,929.21 and a two-hundred day moving average of GBX 2,982.78. The stock has a market cap of £4.06 billion, a P/E ratio of 16.78, a PEG ratio of -3.09 and a beta of 1.11.

Whitbread (LON:WTB) last posted its quarterly earnings results on Thursday, October 16th. The company reported GBX 133.70 earnings per share (EPS) for the quarter. Whitbread had a net margin of 8.08% and a return on equity of 6.83%. As a group, research analysts predict that Whitbread will post 227.1851852 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Christine Mary Hodgson acquired 10,000 shares of Whitbread stock in a transaction that occurred on Friday, October 17th. The stock was acquired 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 firm’s stock in a transaction that occurred on Tuesday, October 21st. The stock was bought at an average price of GBX 2,974 per share, with a total value of £14,870. 0.39% 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.