Whitbread (LON:WTB) had its target price decreased by Canaccord Genuity from GBX 4,850 ($63.37) to GBX 4,500 ($58.80) in a research note published on Thursday morning, Digital Look reports. Canaccord Genuity currently has a hold rating on the stock.
Other equities analysts also recently issued reports about the company. Liberum Capital reaffirmed a hold rating on shares of Whitbread in a research report on Tuesday, October 22nd. Barclays reiterated an equal weight rating on shares of Whitbread in a research note on Thursday, October 10th. UBS Group upgraded Whitbread to a buy rating and set a GBX 4,850 ($63.37) price objective on the stock in a research note on Tuesday, October 15th. Shore Capital reiterated a hold rating on shares of Whitbread in a research note on Tuesday, October 22nd. Finally, HSBC lowered their price objective on Whitbread from GBX 4,900 ($64.03) to GBX 4,600 ($60.11) and set a hold rating on the stock in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of GBX 4,655.88 ($60.84).
LON WTB traded up GBX 79 ($1.03) during trading on Thursday, hitting GBX 4,323 ($56.49). The stock had a trading volume of 450,461 shares, compared to its average volume of 564,229. The company has a market capitalization of $5.78 billion and a PE ratio of 2.06. The company has a quick ratio of 1.55, a current ratio of 1.63 and a debt-to-equity ratio of 89.10. The firm has a 50 day moving average price of GBX 4,224.90 and a 200 day moving average price of GBX 4,477.64. Whitbread has a twelve month low of GBX 3,927 ($51.31) and a twelve month high of GBX 5,162 ($67.45).
The company also recently declared a dividend, which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 7th will be given a dividend of GBX 32.65 ($0.43) per share. The ex-dividend date is Thursday, November 7th. This represents a yield of 0.79%. Whitbread’s payout ratio is currently 0.05%.
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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