Whitbread’s (WTB) “Hold” Rating Reiterated at Berenberg Bank

Whitbread (LON:WTB)‘s stock had its “hold” rating reiterated by stock analysts at Berenberg Bank in a research note issued on Monday,Digital Look reports. They currently have a GBX 2,280 target price on the stock. Berenberg Bank’s price target would indicate a potential downside of 6.65% from the company’s previous close.

A number of other research firms have also issued reports on WTB. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 3,700 price target on shares of Whitbread in a research report on Thursday. Citigroup lowered their price objective on Whitbread from £330 to £310 and set a “buy” rating for the company in a research report on Friday. UBS Group restated a “buy” rating and set a GBX 2,975 target price on shares of Whitbread in a research note on Friday, June 12th. JPMorgan Chase & Co. reduced their target price on shares of Whitbread from GBX 2,550 to GBX 2,500 and set a “neutral” rating on the stock in a report on Monday, March 30th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Whitbread from GBX 2,815 to GBX 2,530 and set a “hold” rating for the company in a research note on Wednesday, May 6th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 6,523.12.

Whitbread Stock Performance

LON:WTB opened at GBX 2,442.30 on Monday. Whitbread has a fifty-two week low of GBX 2,098 and a fifty-two week high of GBX 3,302. The company has a debt-to-equity ratio of 174.28, a quick ratio of 1.74 and a current ratio of 0.44. The company has a 50 day moving average price of GBX 2,389.41 and a 200 day moving average price of GBX 2,489.77. The stock has a market capitalization of £4.08 billion, a P/E ratio of 19.95, a PEG ratio of -3.09 and a beta of 0.65.

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

Insider Activity

In related news, insider Shelley Roberts bought 1,290 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average cost of GBX 2,309 per share, with a total value of £29,786.10. 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.