Whitbread plc (LON:WTB – Get Rating) has been given an average rating of “Buy” by the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is GBX 3,728.33 ($48.90).
A number of analysts have issued reports on WTB shares. Citigroup reaffirmed a “buy” rating and issued a GBX 3,770 ($49.44) price objective on shares of Whitbread in a research note on Monday, January 17th. Shore Capital reissued a “buy” rating on shares of Whitbread in a report on Friday, January 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Whitbread in a research report on Tuesday, February 8th. Morgan Stanley restated an “overweight” rating on shares of Whitbread in a research report on Friday, March 25th. Finally, Berenberg Bank raised their target price on Whitbread from GBX 3,600 ($47.21) to GBX 4,000 ($52.46) and gave the stock a “buy” rating in a research note on Monday, January 17th.
In other news, insider Nicholas Cadbury sold 2,924 shares of the firm’s stock in a transaction on Friday, March 4th. The shares were sold at an average price of GBX 2,575 ($33.77), for a total transaction of £75,293 ($98,744.92).
Whitbread Company Profile (Get Rating)
Whitbread plc operates hotels and restaurants in the United Kingdom, Germany, and internationally. It operates approximately 857 hotels with 78,718 rooms in the United Kingdom; and 4,880 rooms in Germany under the Premier Inn, ZIP by Premier Inn, and hub by Premier Inn brands; and 768 restaurants under the Brewers Fayre, Beefeater, Whitbread Inns, Cookhouse & Pub, Bar+Block Steakhouse, Thyme, and Table Table brands.
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