Whitbread plc (LON:WTB – Get Free Report) reached a new 52-week low on Monday . The company traded as low as GBX 2,253 ($28.79) and last traded at GBX 2,327 ($29.73), with a volume of 7851905 shares. The stock had previously closed at GBX 2,433 ($31.09).
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the company. JPMorgan Chase & Co. downgraded Whitbread to a “neutral” rating in a research report on Friday, March 7th. Shore Capital reissued a “buy” rating on shares of Whitbread in a research note on Thursday, January 16th. Finally, Berenberg Bank lowered their price objective on shares of Whitbread from GBX 4,000 ($51.11) to GBX 3,900 ($49.83) and set a “buy” rating for the company in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Whitbread currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,713.33 ($34.67).
Check Out Our Latest Stock Report on Whitbread
Whitbread Stock Performance
Insider Activity at Whitbread
In related news, insider Kal Atwal acquired 1,130 shares of Whitbread stock in a transaction dated Thursday, February 20th. The shares were acquired at an average cost of GBX 2,621 ($33.49) per share, for a total transaction of £29,617.30 ($37,844.75). Company insiders own 1.03% of the company’s stock.
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.
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