Whitbread (LON:WTB) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Whitbread (LON:WTB) had its price objective raised by equities researchers at JPMorgan Chase & Co. from GBX 2,800 to GBX 2,900 in a note issued to investors on Friday, Marketbeat reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 0.07% from the stock’s current price.

Other analysts have also issued research reports about the company. Berenberg Bank lowered their target price on Whitbread from GBX 3,900 to GBX 3,500 and set a “buy” rating for the company in a report on Wednesday, July 9th. Peel Hunt restated a “buy” rating and set a GBX 3,500 price objective on shares of Whitbread in a research note on Thursday. Shore Capital reiterated a “buy” rating on shares of Whitbread in a research note on Thursday. Finally, Citigroup boosted their target price on shares of Whitbread from GBX 3,600 to GBX 3,800 and gave the stock a “buy” rating in a report on Thursday, August 21st. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 3,425.

Whitbread Stock Performance

WTB stock opened at GBX 2,902 on Friday. 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 has a 1-year low of GBX 2,253 and a 1-year high of GBX 3,352. The business has a 50-day moving average price of GBX 3,146.85 and a 200 day moving average price of GBX 2,930.46. The company has a market capitalization of £5.00 billion, a P/E ratio of 2,064.01, a PEG ratio of -3.09 and a beta of 1.11.

Whitbread (LON:WTB) last posted its earnings results on Thursday, October 16th. The company reported GBX 133.70 EPS for the quarter. Whitbread had a net margin of 8.08% and a return on equity of 6.83%. As a group, equities research analysts forecast that Whitbread will post 227.1851852 EPS for the current fiscal year.

About Whitbread

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.