Whitbread (LON:WTB) Reaches New 52-Week Low – Here’s Why

Shares of Whitbread plc (LON:WTB) reached a new 52-week low on Wednesday . The company traded as low as GBX 2,637 ($33.41) and last traded at GBX 2,639 ($33.44), with a volume of 891777 shares trading hands. The stock had previously closed at GBX 2,675 ($33.90).

Wall Street Analysts Forecast Growth

WTB has been the topic of a number of research analyst reports. Berenberg Bank lowered their price target on Whitbread from GBX 4,000 ($50.68) to GBX 3,900 ($49.42) and set a “buy” rating on the stock in a report on Tuesday, December 10th. Shore Capital reaffirmed a “buy” rating on shares of Whitbread in a report on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,713.33 ($34.38).

Whitbread Stock Performance

The firm has a 50-day moving average of GBX 2,857.53 and a two-hundred day moving average of GBX 2,946.73. The company has a quick ratio of 1.74, a current ratio of 0.96 and a debt-to-equity ratio of 33.18. The company has a market capitalization of £4.74 billion, a PE ratio of 20.54, a PEG ratio of -3.09 and a beta of 1.11.

Insider Activity

In related news, insider Kal Atwal purchased 1,130 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were bought at an average price of GBX 2,621 ($33.21) per share, for a total transaction of £29,617.30 ($37,528.26). Corporate insiders own 1.03% of the company’s stock.

About Whitbread

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.