Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Whitbread (LON:WTB) Stock Price

Key Points

• Deutsche Bank raised Whitbread’s price target from GBX 2,530 to GBX 2,730 but maintained a “hold” rating, implying 1.12% downside from the prior close.
• Analyst sentiment is mixed but leans positive: Whitbread has an average “Moderate Buy” rating and a consensus target price of GBX 2,925.62, including Citigroup’s “buy” rating and GBX 3,300 target.
• Whitbread shares rose to GBX 2,761, while the company reported quarterly EPS of GBX 125.10 and analysts expect full-year EPS of GBX 227.19.

Whitbread (LON:WTB - Get Free Report) had its price target raised by Deutsche Bank Aktiengesellschaft from GBX 2,530 to GBX 2,730 in a note issued to investors on Thursday, Digital Look reports. The brokerage currently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price target would suggest a potential downside of 1.12% from the stock's previous close.

WTB has been the topic of a number of other reports. Citigroup raised their target price on Whitbread from GBX 3,100 to GBX 3,300 and gave the company a "buy" rating in a research report on Friday, August 21st. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 2,250 price target on shares of Whitbread in a report on Thursday. Finally, Jefferies Financial Group reiterated a "hold" rating and set a GBX 2,250 price target on shares of Whitbread in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of GBX 2,925.62.

Whitbread Stock Performance

Shares of WTB traded up GBX 24 during trading hours on Thursday, hitting GBX 2,761. The stock had a trading volume of 3,603,617 shares, compared to its average volume of 11,826,803. The company has a debt-to-equity ratio of 179.41, a quick ratio of 1.74 and a current ratio of 0.33. The firm has a 50-day moving average price of GBX 2,449.95 and a 200 day moving average price of GBX 2,469.62. Whitbread has a fifty-two week low of GBX 2,098 and a fifty-two week high of GBX 3,017. The firm has a market capitalization of £4.61 billion, a price-to-earnings ratio of 22.56, a PEG ratio of -3.09 and a beta of 0.65.

Whitbread (LON:WTB - Get Free Report) last released its quarterly earnings results on Tuesday, October 13th. The company reported GBX 125.10 EPS for the quarter. Whitbread had a net margin of 1.96% and a return on equity of 1.85%. As a group, research analysts anticipate that Whitbread will post 227.19 EPS for the current year.

Insider Transactions at Whitbread

In other news, insider Shelley Roberts acquired 485 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average cost of GBX 2,456 per share, for a total transaction of £11,911.60. Insiders own 0.42% 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.

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