Berenberg Bank Downgrades Whitbread (LON:WTB) to Hold

Whitbread (LON:WTB) was downgraded by investment analysts at Berenberg Bank to a “hold” rating in a note issued to investors on Monday, Marketbeat reports. They currently have a GBX 2,900 target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 5.38% from the stock’s current price.

WTB has been the topic of a number of other reports. Peel Hunt restated a “buy” rating and set a GBX 3,500 price target on shares of Whitbread in a research report on Thursday, October 16th. Shore Capital restated a “buy” rating on shares of Whitbread in a report on Thursday, October 16th. Panmure Gordon restated a “buy” rating and issued a GBX 3,700 price target on shares of Whitbread in a research report on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft cut shares of Whitbread to a “hold” rating and decreased their price objective for the company from GBX 3,375 to GBX 2,815 in a report on Wednesday, December 3rd. Finally, JPMorgan Chase & Co. lowered their price target on Whitbread from GBX 2,900 to GBX 2,450 and set a “neutral” rating for the company in a report on Tuesday, December 2nd. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Whitbread presently has a consensus rating of “Moderate Buy” and an average price target of GBX 3,110.83.

Whitbread Price Performance

Shares of WTB stock opened at GBX 2,752 on Monday. The stock’s fifty day simple moving average is GBX 2,595.19 and its 200 day simple moving average is GBX 2,920.80. 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 one year low of GBX 2,253 and a one year high of GBX 3,302. The firm has a market cap of £4.63 billion, a price-to-earnings ratio of 19.23, a P/E/G ratio of -3.09 and a beta of 1.11.

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.