Whitbread (LON:WTB) Reaches New 52-Week Low – Here’s What Happened

Whitbread plc (LON:WTB)’s share price reached a new 52-week low on Monday . The company traded as low as GBX 2,229 and last traded at GBX 2,244, with a volume of 1912246 shares. The stock had previously closed at GBX 2,260.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Whitbread from GBX 2,450 to GBX 2,550 and gave the company a “neutral” rating in a report on Thursday, January 29th. Citigroup upped their price objective on Whitbread from GBX 3,100 to GBX 3,300 and gave the company a “buy” rating in a research report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft lowered Whitbread to a “hold” rating and lowered their price objective for the company from GBX 3,375 to GBX 2,815 in a research note on Wednesday, December 3rd. Finally, Berenberg Bank cut Whitbread to a “hold” rating and set a GBX 2,900 target price for the company. in a report on Monday, January 19th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Whitbread presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,127.50.

Whitbread Price Performance

The firm has a market cap of £3.75 billion, a P/E ratio of 15.68, a PEG ratio of -3.09 and a beta of 0.62. The company has a debt-to-equity ratio of 178.99, a current ratio of 0.66 and a quick ratio of 1.74. The stock’s 50-day simple moving average is GBX 2,589.59 and its two-hundred day simple moving average is GBX 2,746.24.

Insider Transactions at Whitbread

In other news, insider Christine Mary Hodgson purchased 7,750 shares of the business’s stock in a transaction that occurred on Monday, February 16th. The shares were bought at an average cost of GBX 2,706 per share, for a total transaction of £209,715. Also, insider Kal Atwal acquired 462 shares of Whitbread stock in a transaction that occurred on Wednesday, February 18th. The stock was purchased at an average cost of GBX 2,737 per share, for a total transaction of £12,644.94. 0.40% of the stock is currently owned by insiders.

Whitbread Company Profile

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.