Whitbread (LON:WTB) Trading Down 10.3% – What’s Next?

Whitbread plc (LON:WTB)’s stock price was down 10.3% on Friday . The company traded as low as GBX 2,876 ($38.61) and last traded at GBX 2,893 ($38.84). Approximately 2,658,615 shares were traded during mid-day trading, an increase of 58% from the average daily volume of 1,682,901 shares. The stock had previously closed at GBX 3,224 ($43.29).

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on WTB shares. JPMorgan Chase & Co. boosted their price objective on shares of Whitbread from GBX 2,800 to GBX 2,900 and gave the company a “neutral” rating in a research report on Friday. Shore Capital reissued a “buy” rating on shares of Whitbread in a research report on Thursday. Berenberg Bank cut their price objective on shares of Whitbread from GBX 3,900 to GBX 3,500 and set a “buy” rating for the company in a research report on Wednesday, July 9th. Peel Hunt reissued a “buy” rating and issued a GBX 3,500 price objective on shares of Whitbread in a research report on Thursday. Finally, Citigroup boosted their price objective on shares of Whitbread from GBX 3,600 to GBX 3,800 and gave the company a “buy” rating in a research report on Thursday, August 21st. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Whitbread presently has an average rating of “Moderate Buy” and an average price target of GBX 3,425.

Whitbread Trading Up 0.3%

The business’s fifty day moving average is GBX 3,146.85 and its 200-day moving average is GBX 2,930.46. The stock has a market capitalization of £5.00 billion, a PE ratio of 2,064.01, a P/E/G ratio of -3.09 and a beta of 1.11. The company has a quick ratio of 1.74, a current ratio of 0.96 and a debt-to-equity ratio of 33.18.

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

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.