Barclays reissued their overweight rating on shares of Whitbread (LON:WTB) in a research report released on Thursday morning, Digital Look reports. The firm currently has a GBX 4,700 ($61.41) price objective on the stock.
WTB has been the topic of a number of other research reports. Liberum Capital reiterated a hold rating on shares of Whitbread in a report on Wednesday, June 19th. Royal Bank of Canada downgraded Whitbread to an underperform rating in a report on Thursday, July 18th. Numis Securities reiterated a hold rating on shares of Whitbread in a report on Thursday, June 13th. UBS Group reiterated a neutral rating and issued a GBX 4,750 ($62.07) price objective (down previously from GBX 5,000 ($65.33)) on shares of Whitbread in a report on Thursday, June 20th. Finally, JPMorgan Chase & Co. dropped their price objective on Whitbread from GBX 5,400 ($70.56) to GBX 5,100 ($66.64) and set an overweight rating on the stock in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. Whitbread currently has a consensus rating of Hold and an average target price of GBX 4,942.86 ($64.59).
WTB opened at GBX 4,097 ($53.53) on Thursday. Whitbread has a one year low of GBX 3,948 ($51.59) and a one year high of GBX 5,162 ($67.45). The company has a market cap of $5.48 billion and a P/E ratio of 2.02. The company has a debt-to-equity ratio of 13.31, a quick ratio of 5.77 and a current ratio of 5.90. The business’s 50-day simple moving average is GBX 4,573.30 and its 200-day simple moving average is GBX 4,733.89.
In related news, insider Louise Smalley sold 232 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of GBX 4,588 ($59.95), for a total value of £10,644.16 ($13,908.48). Also, insider Nicholas Cadbury sold 12,665 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of GBX 4,620 ($60.37), for a total value of £585,123 ($764,566.84). Over the last three months, insiders sold 22,863 shares of company stock valued at $104,689,270.
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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