Whitbread plc (LON:WTB) Receives Consensus Rating of “Buy” from Analysts

Whitbread plc (LON:WTBGet Rating) has been given a consensus recommendation of “Buy” by the ten ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is GBX 3,738.57 ($46.70).

Several brokerages have issued reports on WTB. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Whitbread in a report on Tuesday, March 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Whitbread in a report on Tuesday, February 8th. Barclays reissued an “overweight” rating and set a GBX 4,000 ($49.97) target price on shares of Whitbread in a report on Thursday, April 21st. Berenberg Bank raised their price target on Whitbread from GBX 3,600 ($44.97) to GBX 4,000 ($49.97) and gave the stock a “buy” rating in a research report on Monday, January 17th. Finally, Morgan Stanley restated an “overweight” rating and issued a GBX 3,800 ($47.47) price target on shares of Whitbread in a research report on Tuesday, April 26th.

Shares of LON:WTB traded up GBX 70 ($0.87) during midday trading on Tuesday, hitting GBX 2,887 ($36.06). The stock had a trading volume of 288,291 shares, compared to its average volume of 720,548. Whitbread has a 12 month low of GBX 2,384 ($29.78) and a 12 month high of GBX 3,465.38 ($43.29). The company has a quick ratio of 1.75, a current ratio of 1.80 and a debt-to-equity ratio of 113.98. The business’s 50-day simple moving average is GBX 2,798.58 and its 200-day simple moving average is GBX 2,980.15. The company has a market cap of ¬£5.83 billion and a P/E ratio of -20.63.

The company also recently declared a dividend, which will be paid on Friday, July 1st. Stockholders of record on Thursday, May 26th will be issued a dividend of GBX 34.70 ($0.43) per share. This is a boost from Whitbread’s previous dividend of $32.65. This represents a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, May 26th.

In other news, insider Nicholas Cadbury sold 2,924 shares of the business’s stock in a transaction dated Friday, March 4th. The stock was sold at an average price of GBX 2,575 ($32.17), for a total transaction of ¬£75,293 ($94,057.46).

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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Analyst Recommendations for Whitbread (LON:WTB)

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