Whitbread (LON:WTB) Price Target Raised to GBX 3,300

Whitbread (LON:WTB) had its target price hoisted by Citigroup from GBX 3,100 to GBX 3,300 in a report released on Friday, Marketbeat reports. The firm currently has a buy rating on the stock.

Other research analysts have also issued research reports about the stock. Berenberg Bank restated a “hold” rating and set a GBX 2,280 price target on shares of Whitbread in a research note on Monday, June 22nd. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 3,700 price objective on shares of Whitbread in a research note on Thursday, June 18th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Whitbread from GBX 2,815 to GBX 2,530 and set a “hold” rating for the company in a report on Wednesday, May 6th. Finally, UBS Group reissued a “buy” rating and set a GBX 2,975 target price on shares of Whitbread in a research report on Friday, June 12th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Whitbread currently has an average rating of “Moderate Buy” and an average price target of GBX 3,060.62.

Whitbread Price Performance

Shares of WTB opened at GBX 2,424 on Friday. The company has a debt-to-equity ratio of 174.28, a quick ratio of 1.74 and a current ratio of 0.44. The firm has a market cap of £4.05 billion, a PE ratio of 19.80, a PEG ratio of -3.09 and a beta of 0.65. The firm’s 50 day moving average price is GBX 2,433.58 and its 200 day moving average price is GBX 2,444.49. Whitbread has a twelve month low of GBX 2,098 and a twelve month high of GBX 3,302.

Insider Activity at Whitbread

In other Whitbread news, insider Dominic Paul purchased 717 shares of the company’s stock in a transaction on Friday, July 3rd. The shares were bought at an average cost of GBX 2,410 per share, with a total value of £17,279.70. Also, insider Shelley Roberts purchased 485 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of GBX 2,456 per share, with a total value of £11,911.60. 0.42% of the stock is owned by corporate 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.