Whitbread (LON:WTB) Price Target Cut to GBX 2,500 by Analysts at JPMorgan Chase & Co.

Whitbread (LON:WTB) had its target price lowered by JPMorgan Chase & Co. from GBX 2,550 to GBX 2,500 in a report released on Monday morning,London Stock Exchange reports. The brokerage currently has a neutral rating on the stock.

Several other brokerages have also commented on WTB. Citigroup raised their price objective on shares of Whitbread from GBX 3,100 to GBX 3,300 and gave the stock a “buy” rating in a report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft downgraded Whitbread to a “hold” rating and reduced their target price for the stock from GBX 3,375 to GBX 2,815 in a report on Wednesday, December 3rd. Finally, Berenberg Bank cut Whitbread to a “hold” rating and set a GBX 2,900 target price for the company. in a research note on Monday, January 19th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 3,119.17.

Whitbread Trading Up 1.4%

LON:WTB opened at GBX 2,292 on Monday. The firm has a market capitalization of £3.83 billion, a P/E ratio of 16.02, a P/E/G ratio of -3.09 and a beta of 0.62. The company has a quick ratio of 1.74, a current ratio of 0.66 and a debt-to-equity ratio of 178.99. The company has a fifty day moving average of GBX 2,579.77 and a 200 day moving average of GBX 2,740.42. Whitbread has a 52 week low of GBX 2,218 and a 52 week high of GBX 3,302.

Insiders Place Their Bets

In related news, insider Kal Atwal purchased 462 shares of Whitbread stock in a transaction dated Wednesday, February 18th. The stock was purchased at an average cost of GBX 2,737 per share, for a total transaction of £12,644.94. Also, insider Christine Mary Hodgson purchased 7,750 shares of the stock in a transaction dated Monday, February 16th. The stock was bought at an average cost of GBX 2,706 per share, with a total value of £209,715. Corporate insiders own 0.40% of the company’s stock.

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.