Berenberg Bank Lowers Whitbread (LON:WTB) Price Target to GBX 2,900

Whitbread (LON:WTB) had its price target reduced by equities researchers at Berenberg Bank from GBX 3,500 to GBX 2,900 in a report issued on Thursday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 20.78% from the company’s current price.

Several other research analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Whitbread to a “hold” rating and dropped their target price for the stock from GBX 3,375 to GBX 2,815 in a report on Wednesday. JPMorgan Chase & Co. lowered their price objective on Whitbread from GBX 2,900 to GBX 2,450 and set a “neutral” rating on the stock in a research report on Tuesday. 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 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, Panmure Gordon reaffirmed a “buy” rating and set a GBX 3,700 price objective on shares of Whitbread in a report on Tuesday, November 25th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Whitbread presently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,194.17.

Whitbread Stock Performance

Shares of WTB opened at GBX 2,401 on Thursday. 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 has a market cap of £4.06 billion, a P/E ratio of 16.78, a P/E/G ratio of -3.09 and a beta of 1.11. The business’s 50 day moving average price is GBX 2,929.21 and its 200-day moving average price is GBX 2,982.20. Whitbread has a 52 week low of GBX 2,253 and a 52 week high of GBX 3,302.

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

Insider Buying and Selling at Whitbread

In related news, insider Richard Gillingwater bought 500 shares of the stock in a transaction dated Tuesday, October 21st. The stock was purchased at an average cost of GBX 2,974 per share, with a total value of £14,870. Also, insider Christine Mary Hodgson purchased 10,000 shares of Whitbread stock in a transaction that occurred on Friday, October 17th. The stock was bought at an average cost of GBX 2,880 per share, for a total transaction of £288,000. 0.39% of the stock is currently owned by company insiders.

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.