Whitbread (LON:WTB) Price Target Lowered to GBX 2,400 at Berenberg Bank

Whitbread (LON:WTB) had its price objective decreased by Berenberg Bank from GBX 3,000 ($36.92) to GBX 2,400 ($29.53) in a research report report published on Tuesday, Stock Target Advisor reports. Berenberg Bank currently has a hold rating on the stock.

Other equities analysts have also recently issued reports about the stock. Citigroup reaffirmed a neutral rating and set a GBX 2,600 ($32.00) price objective on shares of Whitbread in a research report on Friday, June 5th. JPMorgan Chase & Co. reduced their target price on shares of Whitbread from GBX 2,800 ($34.46) to GBX 2,000 ($24.61) and set an underweight rating for the company in a research report on Tuesday, May 26th. Deutsche Bank reduced their target price on shares of Whitbread from GBX 2,690 ($33.10) to GBX 2,250 ($27.69) and set a hold rating for the company in a research report on Friday, May 22nd. Royal Bank of Canada dropped their price target on Whitbread from GBX 3,400 ($41.84) to GBX 2,350 ($28.92) and set an underperform rating for the company in a research note on Monday, May 25th. Finally, UBS Group reaffirmed a buy rating and issued a GBX 2,900 ($35.69) price target (down previously from GBX 3,610 ($44.43)) on shares of Whitbread in a research note on Friday, May 22nd. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 3,296.88 ($40.57).

WTB stock opened at GBX 2,222 ($27.34) on Tuesday. The company has a debt-to-equity ratio of 92.04, a current ratio of 1.31 and a quick ratio of 1.25. The company has a fifty day moving average price of GBX 2,509.38 and a two-hundred day moving average price of GBX 3,499.26. Whitbread has a one year low of GBX 1,805.50 ($22.22) and a one year high of GBX 5,194 ($63.92). The stock has a market cap of $4.43 billion and a price-to-earnings ratio of 15.38.

In other news, insider Nicholas Cadbury sold 3,358 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of GBX 2,385 ($29.35), for a total transaction of £80,088.30 ($98,558.09). Also, insider Frank Fiskers bought 1,200 shares of the stock in a transaction dated Thursday, June 11th. The shares were purchased at an average cost of GBX 2,441 ($30.04) per share, for a total transaction of £29,292 ($36,047.26).

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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