JPMorgan Chase & Co. Increases Whitbread (LON:WTB) Price Target to GBX 2,550

Whitbread (LON:WTB) had its price target upped by research analysts at JPMorgan Chase & Co. from GBX 2,450 to GBX 2,550 in a research report issued on Thursday, Marketbeat Ratings reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 6.39% from the stock’s previous close.

WTB has been the subject of several other research reports. Citigroup increased their price objective on shares of Whitbread from GBX 3,100 to GBX 3,300 and gave the company a “buy” rating in a report on Thursday, January 15th. Peel Hunt reiterated a “buy” rating and issued a GBX 3,500 target price on shares of Whitbread in a research report on Thursday, October 16th. Panmure Gordon restated a “buy” rating and set a GBX 3,700 price target on shares of Whitbread in a report on Tuesday, November 25th. Berenberg Bank downgraded Whitbread to a “hold” rating and set a GBX 2,900 price objective on the stock. in a research note on Monday, January 19th. Finally, Deutsche Bank Aktiengesellschaft downgraded Whitbread to a “hold” rating and lowered their target price for the company from GBX 3,375 to GBX 2,815 in a research report on Wednesday, December 3rd. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Whitbread presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,127.50.

Whitbread Price Performance

WTB stock opened at GBX 2,724 on Thursday. The company has a debt-to-equity ratio of 33.18, a quick ratio of 1.74 and a current ratio of 0.96. The company’s fifty day moving average price is GBX 2,591.49 and its 200-day moving average price is GBX 2,907.98. Whitbread has a one year low of GBX 2,253 and a one year high of GBX 3,302. The company has a market capitalization of £4.58 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of -3.09 and a beta of 1.11.

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.