Whitbread (LON:WTB) Rating Increased to Buy at UBS Group

UBS Group upgraded shares of Whitbread (LON:WTB) to a buy rating in a research note published on Tuesday morning, Digital Look reports. They currently have GBX 4,850 ($63.37) price objective on the stock.

Several other brokerages have also issued reports on WTB. Jefferies Financial Group initiated coverage on Whitbread in a research note on Wednesday, September 18th. They issued a hold rating and a GBX 4,500 ($58.80) target price on the stock. Royal Bank of Canada lowered their target price on Whitbread from GBX 4,500 ($58.80) to GBX 3,800 ($49.65) and set an underperform rating on the stock in a research note on Thursday, October 10th. Shore Capital restated a hold rating on shares of Whitbread in a research note on Monday, July 22nd. Liberum Capital lowered their target price on Whitbread from GBX 4,600 ($60.11) to GBX 3,900 ($50.96) and set a hold rating on the stock in a research note on Friday, October 11th. Finally, Kepler Capital Markets lowered Whitbread to a reduce rating in a research note on Monday, September 9th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of GBX 4,782.14 ($62.49).

WTB stock opened at GBX 4,223 ($55.18) on Tuesday. The stock’s fifty day simple moving average is GBX 4,325.50 and its two-hundred day simple moving average is GBX 4,565.22. The company has a current ratio of 5.90, a quick ratio of 5.77 and a debt-to-equity ratio of 13.31. Whitbread has a 1-year low of GBX 3,927 ($51.31) and a 1-year high of GBX 5,162 ($67.45). The stock has a market cap of $5.65 billion and a P/E ratio of 2.08.

In related news, insider Nicholas Cadbury sold 7,800 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of GBX 4,501 ($58.81), for a total transaction of £351,078 ($458,745.59).

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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