Whitbread (LON:WTB) Price Target Raised to GBX 2,250

Whitbread (LON:WTB) had its price target increased by Jefferies Financial Group from GBX 2,050 to GBX 2,250 in a research report released on Wednesday morning,Digital Look reports. The firm currently has a hold rating on the stock.

Other research analysts have also issued reports about the stock. Citigroup boosted their price objective on shares of Whitbread from GBX 3,100 to GBX 3,300 and gave the stock a “buy” rating in a research note on Friday, August 21st. Deutsche Bank Aktiengesellschaft reduced their price target on Whitbread from GBX 2,815 to GBX 2,530 and set a “hold” rating for the company in a report on Wednesday, May 6th. UBS Group reissued a “buy” rating and set a GBX 2,975 price target on shares of Whitbread in a research report on Friday, June 12th. Shore Capital Group restated a “buy” rating and issued a GBX 3,700 price objective on shares of Whitbread in a research note on Thursday, June 18th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 2,280 price objective on shares of Whitbread in a research report on Monday, June 22nd. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Whitbread currently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,970.56.

Whitbread Price Performance

LON:WTB opened at GBX 2,459 on Wednesday. Whitbread has a 1-year low of GBX 2,098 and a 1-year high of GBX 3,302. The company has a current ratio of 0.44, a quick ratio of 1.74 and a debt-to-equity ratio of 174.28. The firm has a fifty day simple moving average of GBX 2,440.47 and a 200 day simple moving average of GBX 2,437.51. The stock has a market capitalization of £4.11 billion, a PE ratio of 20.09, a P/E/G ratio of -3.09 and a beta of 0.65.

Insider Activity

In related news, insider Dominic Paul bought 717 shares of the business’s stock in a transaction dated Friday, July 3rd. The stock was bought at an average price of GBX 2,410 per share, for a total transaction of £17,279.70. Also, insider Shelley Roberts bought 485 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were bought 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.

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.