Whitbread (LON:WTB) Given “Buy” Rating at Shore Capital

Whitbread (LON:WTB)‘s stock had its “buy” rating restated by investment analysts at Shore Capital in a report released on Wednesday, Analyst Price Targets reports.

A number of other equities analysts also recently weighed in on the company. Berenberg Bank reissued a “buy” rating and set a GBX 3,600 ($47.03) price target on shares of Whitbread in a research report on Wednesday, June 30th. Liberum Capital reissued a “hold” rating and set a GBX 3,400 ($44.42) price target on shares of Whitbread in a research report on Friday, June 18th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Whitbread from GBX 4,010 ($52.39) to GBX 3,800 ($49.65) and set a “buy” rating on the stock in a research report on Monday, May 24th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of GBX 3,660 ($47.82).

Shares of LON:WTB traded up GBX 16 ($0.21) during midday trading on Wednesday, reaching GBX 3,028 ($39.56). The company had a trading volume of 639,913 shares, compared to its average volume of 653,563. The company has a debt-to-equity ratio of 118.32, a quick ratio of 1.69 and a current ratio of 1.77. The company’s 50 day moving average is GBX 3,153.58. The firm has a market capitalization of £6.12 billion and a PE ratio of -6.28. Whitbread has a 1-year low of GBX 1,997 ($26.09) and a 1-year high of GBX 3,949.01 ($51.59).

In other news, insider Horst Baier acquired 315 shares of Whitbread stock in a transaction dated Thursday, July 1st. The stock was bought at an average price of GBX 3,143 ($41.06) per share, for a total transaction of £9,900.45 ($12,935.00). Also, insider Nicholas Cadbury sold 4,046 shares of the business’s stock in a transaction that occurred on Friday, May 7th. The stock was sold at an average price of GBX 3,245 ($42.40), for a total value of £131,292.70 ($171,534.75).

About Whitbread

Whitbread plc operates hotels and restaurants in the United Kingdom, Germany, and internationally. It operates approximately 857 hotels with 78,718 rooms in the United Kingdom; and 4,880 rooms in Germany under the Premier Inn, ZIP by Premier Inn, and hub by Premier Inn brands; and 768 restaurants under the Brewers Fayre, Beefeater, Whitbread Inns, Cookhouse & Pub, Bar+Block Steakhouse, Thyme, and Table Table brands.

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Analyst Recommendations for Whitbread (LON:WTB)

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