Whitbread (LON:WTB) Given New GBX 3,800 Price Target at Citigroup

Whitbread (LON:WTB) had its target price boosted by Citigroup from GBX 3,600 to GBX 3,800 in a report published on Thursday, MarketBeat reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on the stock. Shore Capital reissued a “buy” rating on shares of Whitbread in a research note on Thursday, May 1st. Berenberg Bank dropped their price objective on shares of Whitbread from GBX 3,900 to GBX 3,500 and set a “buy” rating on the stock in a research note on Wednesday, July 9th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Whitbread presently has an average rating of “Moderate Buy” and an average price target of GBX 3,650.

Whitbread Stock Up 1.1%

WTB stock opened at GBX 3,141 on Thursday. The company has a fifty day moving average price of GBX 2,999.96 and a 200 day moving average price of GBX 2,773.78. Whitbread has a 12 month low of GBX 2,253 and a 12 month high of GBX 3,352. The company has a market cap of £5.61 billion, a price-to-earnings ratio of 24.29, a price-to-earnings-growth ratio of -3.09 and a beta of 1.11. The company has a debt-to-equity ratio of 33.18, a current ratio of 0.96 and a quick ratio of 1.74.

Whitbread declared that its board has authorized a share buyback program on Thursday, May 1st that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Whitbread Company Profile

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.