Whitbread (LON:WTB) Hits New 12-Month Low – Here’s Why

Whitbread plc (LON:WTB) reached a new 52-week low on Tuesday . The company traded as low as GBX 2,600 ($33.51) and last traded at GBX 2,601 ($33.53), with a volume of 978628 shares traded. The stock had previously closed at GBX 2,667 ($34.38).

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Shore Capital restated a “buy” rating on shares of Whitbread in a research note on Thursday, January 16th. Berenberg Bank cut their price objective on shares of Whitbread from GBX 4,000 ($51.56) to GBX 3,900 ($50.27) and set a “buy” rating on the stock in a research report on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 2,713.33 ($34.97).

Whitbread Stock Performance

The company has a market cap of £4.47 billion, a price-to-earnings ratio of 19.35, a P/E/G ratio of -3.09 and a beta of 1.11. The company has a debt-to-equity ratio of 33.18, a current ratio of 0.96 and a quick ratio of 1.74. The firm has a fifty day simple moving average of GBX 2,813.59 and a 200 day simple moving average of GBX 2,935.15.

Insider Buying and Selling

In other news, insider Kal Atwal bought 1,130 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were purchased at an average price of GBX 2,621 ($33.78) per share, for a total transaction of £29,617.30 ($38,176.46). 1.03% of the stock is owned by insiders.

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.