Berenberg Bank Issues Pessimistic Forecast for Whitbread (LON:WTB) Stock Price

Whitbread (LON:WTB) had its price target cut by Berenberg Bank from GBX 2,900 to GBX 2,280 in a note issued to investors on Monday,Digital Look reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price target would suggest a potential downside of 1.94% from the company’s current price.

WTB has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft dropped their price objective on Whitbread from GBX 2,815 to GBX 2,530 and set a “hold” rating on the stock in a report on Wednesday, May 6th. JPMorgan Chase & Co. dropped their price objective on Whitbread from GBX 2,550 to GBX 2,500 and set a “neutral” rating on the stock in a report on Monday, March 30th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Whitbread currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,968.33.

Whitbread Stock Down 1.0%

Whitbread stock opened at GBX 2,325 on Monday. Whitbread has a 1-year low of GBX 2,098 and a 1-year high of GBX 3,302. The company has a debt-to-equity ratio of 174.28, a current ratio of 0.44 and a quick ratio of 1.74. The stock has a market cap of £3.88 billion, a PE ratio of 19.00, a P/E/G ratio of -3.09 and a beta of 0.64. The stock’s fifty day moving average is GBX 2,379.97 and its two-hundred day moving average is GBX 2,531.16.

Whitbread (LON:WTB) last posted its quarterly earnings results on Thursday, April 30th. The company reported GBX 123.30 earnings per share for the quarter. Whitbread had a return on equity of 6.73% and a net margin of 7.29%.The company had revenue of GBX 292.02 billion for the quarter. On average, sell-side analysts expect that Whitbread will post 227.1851852 EPS for the current fiscal year.

Insider Activity

In other news, insider Shelley Roberts acquired 1,290 shares of the company’s stock in a transaction on Friday, May 8th. The shares were bought at an average price of GBX 2,309 per share, with a total value of £29,786.10. Insiders own 0.40% of the company’s stock.

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.