Whitbread (LON:WTB) Price Target Cut to GBX 2,280 by Analysts at Berenberg Bank

Whitbread (LON:WTB) had its target price lowered by investment analysts at Berenberg Bank from GBX 2,900 to GBX 2,280 in a report released on Monday,Digital Look reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s target price suggests a potential downside of 1.94% from the company’s current price.

A number of other equities analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Whitbread from GBX 2,815 to GBX 2,530 and set a “hold” rating on the stock in a report on Wednesday, May 6th. JPMorgan Chase & Co. lowered their price objective on Whitbread from GBX 2,550 to GBX 2,500 and set a “neutral” rating on the stock in a report on Monday, March 30th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,968.33.

Whitbread Stock Performance

LON WTB opened at GBX 2,325 on Monday. The company has a quick ratio of 1.74, a current ratio of 0.44 and a debt-to-equity ratio of 174.28. Whitbread has a 52-week low of GBX 2,098 and a 52-week high of GBX 3,302. The business’s 50-day moving average price is GBX 2,379.97 and its 200 day moving average price is GBX 2,531.16. The firm has a market cap of £3.88 billion, a P/E ratio of 19.00, a P/E/G ratio of -3.09 and a beta of 0.64.

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

Insiders Place Their Bets

In other Whitbread news, insider Shelley Roberts acquired 1,290 shares of the stock in a transaction on Friday, May 8th. The shares were bought at an average price of GBX 2,309 per share, with a total value of £29,786.10. Corporate insiders own 0.40% of the company’s stock.

Whitbread Company Profile

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.