Whitbread (LON:WTB) Lowered to “Hold” at Berenberg Bank

Berenberg Bank cut shares of Whitbread (LON:WTB) to a hold rating in a research report report published on Friday morning, Stock Target Advisor reports. They currently have GBX 4,800 ($63.14) target price on the stock, down from their previous target price of GBX 5,750 ($75.64).

Several other equities analysts have also issued reports on the stock. Deutsche Bank reissued a hold rating on shares of Whitbread in a report on Friday. Barclays boosted their price target on shares of Whitbread from GBX 4,900 ($64.46) to GBX 5,200 ($68.40) and gave the company an overweight rating in a report on Monday, December 16th. Sanford C. Bernstein raised shares of Whitbread to a market perform rating and set a GBX 4,000 ($52.62) price target for the company in a report on Thursday, October 24th. Canaccord Genuity decreased their price target on shares of Whitbread from GBX 4,850 ($63.80) to GBX 4,500 ($59.19) and set a hold rating for the company in a report on Thursday, November 7th. Finally, Bernstein Bank raised shares of Whitbread to a market perform rating and decreased their price target for the company from GBX 4,200 ($55.25) to GBX 4,000 ($52.62) in a report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 4,639.38 ($61.03).

WTB opened at GBX 4,504 ($59.25) on Friday. Whitbread has a 52 week low of GBX 3,927 ($51.66) and a 52 week high of GBX 5,194 ($68.32). The firm has a market capitalization of $6.02 billion and a PE ratio of 2.14. The company has a debt-to-equity ratio of 89.10, a quick ratio of 1.55 and a current ratio of 1.63. The company has a fifty day moving average price of GBX 4,754.64 and a two-hundred day moving average price of GBX 4,485.94.

In other Whitbread news, insider Nicholas Cadbury sold 6,500 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of GBX 4,943 ($65.02), for a total transaction of £321,295 ($422,645.36).

About Whitbread

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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Analyst Recommendations for Whitbread (LON:WTB)

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