Whitbread’s (WTB) Overweight Rating Reiterated at Barclays

Barclays reiterated their overweight rating on shares of Whitbread (LON:WTB) in a research report released on Thursday, Digital Look reports. Barclays currently has a GBX 4,700 ($61.41) target price on the stock.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. dropped their price target on Whitbread from GBX 5,400 ($70.56) to GBX 5,100 ($66.64) and set an overweight rating for the company in a research report on Wednesday, May 1st. Deutsche Bank dropped their price target on Whitbread from GBX 5,250 ($68.60) to GBX 4,500 ($58.80) and set a hold rating for the company in a research report on Monday, August 12th. Shore Capital reissued a hold rating on shares of Whitbread in a research report on Monday, July 22nd. Royal Bank of Canada downgraded Whitbread to an underperform rating in a research report on Thursday, July 18th. Finally, Numis Securities reissued a hold rating on shares of Whitbread in a research report on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. Whitbread has an average rating of Hold and a consensus price target of GBX 4,942.86 ($64.59).

Whitbread stock opened at GBX 4,097 ($53.53) on Thursday. The company has a debt-to-equity ratio of 13.31, a quick ratio of 5.77 and a current ratio of 5.90. The stock has a fifty day moving average of GBX 4,573.30 and a two-hundred day moving average of GBX 4,733.89. The company has a market capitalization of $5.48 billion and a price-to-earnings ratio of 2.02. Whitbread has a fifty-two week low of GBX 3,948 ($51.59) and a fifty-two week high of GBX 5,162 ($67.45).

In other news, insider Louise Smalley sold 232 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of GBX 4,588 ($59.95), for a total transaction of £10,644.16 ($13,908.48). Also, insider Nicholas Cadbury sold 12,665 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of GBX 4,620 ($60.37), for a total value of £585,123 ($764,566.84). Insiders have sold 22,863 shares of company stock worth $104,689,270 in the last 90 days.

Whitbread Company Profile

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.

Further Reading: How is a buy-side analyst different from a sell-side analyst?

Analyst Recommendations for Whitbread (LON:WTB)

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