Whitbread plc (LON:WTB) has earned an average recommendation of “Buy” from the sixteen ratings firms that are covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 4,955 ($64.75).
A number of equities analysts recently commented on the company. Canaccord Genuity reiterated a “buy” rating and issued a GBX 4,500 ($58.80) price target on shares of Whitbread in a research note on Friday, August 31st. UBS Group reiterated a “neutral” rating and issued a GBX 4,300 ($56.19) price target (down from GBX 4,460 ($58.28)) on shares of Whitbread in a research note on Friday, July 20th. Barclays reiterated an “equal weight” rating on shares of Whitbread in a research note on Tuesday, October 9th. JPMorgan Chase & Co. upgraded Whitbread to an “overweight” rating and lifted their price target for the stock from GBX 4,470 ($58.41) to GBX 5,500 ($71.87) in a research note on Friday, September 14th. Finally, Citigroup upgraded Whitbread to a “neutral” rating in a research note on Monday, September 3rd.
Shares of LON WTB traded down GBX 16.30 ($0.21) during midday trading on Thursday, reaching GBX 4,588 ($59.95). 381,144 shares of the company’s stock were exchanged, compared to its average volume of 564,229. Whitbread has a 52-week low of GBX 3,499.90 ($45.73) and a 52-week high of GBX 4,333 ($56.62).
In related news, insider Richard Gillingwater bought 1,000 shares of the firm’s stock in a transaction on Thursday, November 1st. The stock was bought at an average cost of GBX 4,531 ($59.21) per share, for a total transaction of £45,310 ($59,205.54).
Whitbread Company Profile
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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