Whitbread (LON:WTB) Given “Overweight” Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Whitbread (LON:WTBGet Rating) in a report published on Tuesday, MarketBeat Ratings reports. The firm currently has a GBX 4,300 ($53.48) price target on the stock.

A number of other brokerages have also recently commented on WTB. Numis Securities reaffirmed a buy rating and set a GBX 3,510 ($43.66) price objective on shares of Whitbread in a research note on Wednesday, February 1st. Jefferies Financial Group reiterated a buy rating and set a GBX 3,500 ($43.53) target price on shares of Whitbread in a research report on Tuesday, February 14th. Finally, Peel Hunt reiterated a buy rating and set a GBX 4,000 ($49.75) target price on shares of Whitbread in a research report on Friday, April 21st. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of Buy and an average target price of GBX 3,727.50 ($46.36).

Whitbread Price Performance

Shares of LON:WTB opened at GBX 3,330 ($41.42) on Tuesday. Whitbread has a twelve month low of GBX 2,245.51 ($27.93) and a twelve month high of GBX 3,649.99 ($45.40). The company’s 50 day moving average is GBX 3,091.20 and its 200 day moving average is GBX 2,922.11. The company has a current ratio of 1.58, a quick ratio of 1.74 and a debt-to-equity ratio of 120.44. The company has a market cap of £6.69 billion, a PE ratio of 2,413.04, a price-to-earnings-growth ratio of -3.09 and a beta of 1.10.

Whitbread Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 7th. Investors of record on Thursday, May 25th will be paid a dividend of GBX 49.80 ($0.62) per share. This is a boost from Whitbread’s previous dividend of $24.40. The ex-dividend date is Thursday, May 25th. This represents a yield of 1.59%. Whitbread’s payout ratio is presently 5,362.32%.

Insider Buying and Selling at Whitbread

In other news, insider Dame Karen Jones acquired 275 shares of Whitbread stock in a transaction on Monday, February 27th. The stock was bought at an average price of GBX 3,140 ($39.05) per share, for a total transaction of £8,635 ($10,740.05). 3.14% of the stock is owned by company insiders.

Whitbread Company Profile

(Get Rating)

Whitbread plc operates hotels and restaurants in the United Kingdom, Germany, and internationally. It operates approximately 841 hotels with 82,286 rooms in the United Kingdom; 10 hotels in the Middle East; and 35 hotels with 5,875 rooms in Germany under the Premier Inn, ZIP by Premier Inn, and hub by Premier Inn brands.

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Analyst Recommendations for Whitbread (LON:WTB)

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