Whitbread plc (LON:WTB) Receives GBX 2,968.33 Consensus Target Price from Brokerages

Whitbread plc (LON:WTB) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 2,969.29.

Several research firms have recently issued reports on WTB. Deutsche Bank Aktiengesellschaft lowered their price objective on Whitbread from GBX 2,815 to GBX 2,530 and set a “hold” rating for the company in a research note on Wednesday, May 6th. UBS Group reaffirmed a “buy” rating and issued a GBX 2,975 price objective on shares of Whitbread in a research note on Friday, June 12th. Berenberg Bank reduced their price objective on shares of Whitbread from GBX 2,900 to GBX 2,280 and set a “hold” rating on the stock in a research report on Monday, June 1st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Whitbread from GBX 2,550 to GBX 2,500 and set a “neutral” rating on the stock in a research report on Monday, March 30th.

Insiders Place Their Bets

In other news, insider Shelley Roberts acquired 1,290 shares of Whitbread stock in a transaction that occurred on Friday, May 8th. The shares were bought at an average cost of GBX 2,309 per share, with a total value of £29,786.10. 0.42% of the stock is owned by company insiders.

Whitbread Stock Performance

Shares of WTB stock opened at GBX 2,404.74 on Friday. The company has a market capitalization of £4.02 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of -3.09 and a beta of 0.65. Whitbread has a one year low of GBX 2,098 and a one year high of GBX 3,302. The company’s 50-day moving average is GBX 2,390.95 and its 200 day moving average is GBX 2,491.08. The company has a debt-to-equity ratio of 174.28, a quick ratio of 1.74 and a current ratio of 0.44.

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

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.