Deutsche Bank Lowers Whitbread (LON:WTB) Price Target to GBX 4,500

Whitbread (LON:WTB) had its price objective decreased by Deutsche Bank from GBX 5,250 ($68.60) to GBX 4,500 ($58.80) in a research note published on Monday morning, ThisIsMoney.Co.Uk reports. Deutsche Bank currently has a hold rating on the stock.

Several other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Whitbread from GBX 5,400 ($70.56) to GBX 5,100 ($66.64) and set an overweight rating on the stock in a research note on Wednesday, May 1st. Barclays restated an overweight rating on shares of Whitbread in a research note on Thursday, August 8th. UBS Group restated a neutral rating and set a GBX 4,750 ($62.07) price objective (down from GBX 5,000 ($65.33)) on shares of Whitbread in a research note on Thursday, June 20th. Numis Securities reiterated a hold rating on shares of Whitbread in a research note on Thursday, June 13th. Finally, Royal Bank of Canada cut Whitbread to an underperform rating in a research note on Thursday, July 18th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. Whitbread currently has an average rating of Hold and an average target price of GBX 4,942.86 ($64.59).

Shares of LON:WTB opened at GBX 4,086 ($53.39) on Monday. The company has a current ratio of 5.90, a quick ratio of 5.77 and a debt-to-equity ratio of 13.31. The stock’s fifty day simple moving average is GBX 4,583.02 and its two-hundred day simple moving average is GBX 4,737.14. Whitbread has a 1-year low of GBX 3,914 ($51.14) and a 1-year high of GBX 5,162 ($67.45). The stock has a market cap of $5.46 billion and a PE ratio of 2.01.

In related news, insider Nicholas Cadbury sold 7,800 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of GBX 4,501 ($58.81), for a total value of £351,078 ($458,745.59). Also, insider Louise Smalley sold 232 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of GBX 4,588 ($59.95), for a total value of £10,644.16 ($13,908.48). Insiders have sold a total of 22,863 shares of company stock worth $104,689,270 over the last quarter.

About Whitbread

Whitbread PLC operates hotels, restaurants, and coffee shops. The company operates through two segments, Premier Inn and Costa. It operates approximately 785 hotels with 72,466 rooms in the United Kingdom, as well as hotels under the Premier Inn brand name; hotels under the hub by Premier Inn brand name in the United Kingdom; and restaurants under the Brewers Fayre, Beefeater Grill, Bar+Block, and Table Table brands.

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Analyst Recommendations for Whitbread (LON:WTB)

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