Panmure Gordon Reiterates “Buy” Rating for Whitbread (LON:WTB)

Whitbread (LON:WTB)‘s stock had its “buy” rating reissued by analysts at Panmure Gordon in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. They currently have a GBX 3,700 target price on the stock. Panmure Gordon’s price objective indicates a potential upside of 32.27% from the company’s current price.

A number of other research analysts also recently commented on the stock. 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, October 17th. Peel Hunt reissued a “buy” rating and set a GBX 3,500 target price on shares of Whitbread in a research note on Thursday, October 16th. Citigroup upped their price target on shares of Whitbread from GBX 3,600 to GBX 3,800 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Finally, Shore Capital reiterated a “buy” rating on shares of Whitbread in a report on Thursday, October 16th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 3,480.

Whitbread Stock Down 1.5%

Shares of Whitbread stock opened at GBX 2,797.34 on Tuesday. Whitbread has a 12-month low of GBX 2,253 and a 12-month high of GBX 3,302. The firm has a market capitalization of £4.78 billion, a PE ratio of 19.55, a price-to-earnings-growth 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. The stock’s fifty day moving average is GBX 3,025.18 and its 200-day moving average is GBX 3,000.84.

Whitbread (LON:WTB) last posted its quarterly earnings data 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%. Equities analysts anticipate that Whitbread will post 227.1851852 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Christine Mary Hodgson bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, October 17th. The shares were purchased at an average price of GBX 2,880 per share, for a total transaction of £288,000. Also, insider Richard Gillingwater bought 500 shares of the business’s stock in a transaction on Tuesday, October 21st. The shares were purchased at an average cost of GBX 2,974 per share, with a total value of £14,870. 0.38% of the stock is currently owned by company insiders.

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.