Whitbread (LON:WTB) Stock Rating Reaffirmed by Barclays

Whitbread (LON:WTB – Get Rating)‘s stock had its “overweight” rating reiterated by analysts at Barclays in a research note issued to investors on Monday, LSE.Co.UK reports. They presently have a GBX 4,000 ($49.32) price target on the stock. Barclays‘s price objective suggests a potential upside of 50.43% from the company’s current price.

Several other equities research analysts also recently commented on WTB. Berenberg Bank lifted their price objective on Whitbread from GBX 3,600 ($44.38) to GBX 4,000 ($49.32) and gave the stock a “buy” rating in a report on Monday, January 17th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Whitbread in a report on Tuesday, March 8th. Morgan Stanley reissued an “overweight” rating on shares of Whitbread in a research report on Wednesday, May 11th. Shore Capital reissued a “buy” rating on shares of Whitbread in a research report on Thursday, April 28th. Finally, Citigroup reissued a “buy” rating and issued a GBX 3,770 ($46.48) target price on shares of Whitbread in a research report on Monday, January 17th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 3,746.25 ($46.19).

LON WTB opened at GBX 2,659 ($32.78) on Monday. Whitbread has a one year low of GBX 2,384 ($29.39) and a one year high of GBX 3,465.38 ($42.72). The stock has a 50-day moving average of GBX 2,781.22 and a 200 day moving average of GBX 2,943.44. The company has a market capitalization of £5.37 billion and a price-to-earnings ratio of 126.84. The company has a debt-to-equity ratio of 113.95, a quick ratio of 1.70 and a current ratio of 1.85.

In other Whitbread news, insider Nicholas Cadbury sold 2,924 shares of the company’s stock in a transaction that occurred on Friday, March 4th. The shares were sold at an average price of GBX 2,575 ($31.75), for a total value of £75,293 ($92,828.26). Also, insider Frank Fiskers purchased 1,750 shares of the company’s stock in a transaction on Friday, May 13th. The stock was purchased at an average price of GBX 2,642 ($32.57) per share, with a total value of £46,235 ($57,002.84).

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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