Citigroup Has Lowered Expectations for Whitbread (LON:WTB) Stock Price

Whitbread (LON:WTB) had its target price lowered by analysts at Citigroup from £330 to £310 in a report released on Friday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock.

A number of other research analysts have also weighed in on the stock. UBS Group reaffirmed a “buy” rating and issued a GBX 2,975 price target on shares of Whitbread in a research note on Friday, June 12th. JPMorgan Chase & Co. decreased their target price on 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. Deutsche Bank Aktiengesellschaft lowered their price target on Whitbread from GBX 2,815 to GBX 2,530 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. Shore Capital Group reiterated a “buy” rating and set a GBX 3,700 price target on shares of Whitbread in a research report on Thursday. Finally, Berenberg Bank reduced their price objective on Whitbread from GBX 2,900 to GBX 2,280 and set a “hold” rating for the company in a research note on Monday, June 1st. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 6,523.12.

Whitbread Price Performance

Shares of LON WTB opened at GBX 2,388 on Friday. The firm has a market cap of £3.99 billion, a PE ratio of 19.51, a PEG ratio of -3.09 and a beta of 0.65. The firm has a fifty day moving average of GBX 2,391.39 and a 200 day moving average of GBX 2,490.50. 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 has a one year low of GBX 2,098 and a one year high of GBX 3,302.

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. Whitbread had a net margin of 7.29% and a return on equity of 6.73%. The business had revenue of GBX 292.02 billion for the quarter. As a group, research analysts predict that Whitbread will post 227.1851852 EPS for the current fiscal year.

Insider Activity at Whitbread

In related news, insider Shelley Roberts acquired 1,290 shares of Whitbread stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average price of GBX 2,309 per share, for a total transaction of £29,786.10. Corporate insiders own 0.42% 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.