Whitbread (LON:WTB) Price Target Cut to £310 by Analysts at Citigroup

Whitbread (LON:WTB) had its target price dropped by equities research analysts at Citigroup from £330 to £310 in a report issued on Friday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock.

Several other equities research analysts have also recently issued reports on the company. Shore Capital Group reissued a “buy” rating and set a GBX 3,700 target price on shares of Whitbread in a research note on Thursday. JPMorgan Chase & Co. lowered their price target on Whitbread from GBX 2,550 to GBX 2,500 and set a “neutral” rating for the company in a report on Monday, March 30th. Berenberg Bank cut their price objective on Whitbread from GBX 2,900 to GBX 2,280 and set a “hold” rating for the company in a research report on Monday, June 1st. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Whitbread from GBX 2,815 to GBX 2,530 and set a “hold” rating on the stock in a research report on Wednesday, May 6th. Finally, UBS Group reiterated a “buy” rating and set a GBX 2,975 price target on shares of Whitbread in a research report on Friday, June 12th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 6,523.12.

Whitbread Stock Down 1.0%

Shares of LON WTB opened at GBX 2,388 on Friday. The company has a 50 day simple moving average of GBX 2,391.39 and a 200-day simple moving average of GBX 2,490.50. The company has a market capitalization of £3.99 billion, a P/E ratio of 19.51, a P/E/G ratio of -3.09 and a beta of 0.65. The company has a debt-to-equity ratio of 174.28, a current ratio of 0.44 and a quick ratio of 1.74. Whitbread has a 1 year low of GBX 2,098 and a 1 year high of GBX 3,302.

Whitbread (LON:WTB) last released its quarterly earnings results on Thursday, April 30th. The company reported GBX 123.30 EPS for the quarter. Whitbread had a net margin of 7.29% and a return on equity of 6.73%. The firm had revenue of GBX 292.02 billion for the quarter. On average, equities research analysts predict that Whitbread will post 227.1851852 earnings per share for the current year.

Insider Activity

In other Whitbread news, insider Shelley Roberts purchased 1,290 shares of Whitbread stock in a transaction dated Friday, May 8th. The shares were acquired at an average price of GBX 2,309 per share, with a total value of £29,786.10. Corporate insiders own 0.42% of the company’s stock.

About Whitbread

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.