Whitbread (LON:WTB) had its price target reduced by UBS Group from GBX 2,900 ($35.69) to GBX 2,815 ($34.64) in a research report issued on Thursday, ThisIsMoney.Co.Uk reports. The brokerage currently has a "buy" rating on the stock. UBS Group's price objective would indicate a potential upside of 24.45% from the company's current price.
A number of other research firms have also issued reports on WTB. Royal Bank of Canada reduced their target price on shares of Whitbread from GBX 3,400 ($41.84) to GBX 2,350 ($28.92) and set an "underperform" rating for the company in a research note on Monday, May 25th. Deutsche Bank restated a "hold" rating on shares of Whitbread in a research report on Wednesday. Barclays reiterated an "equal weight" rating on shares of Whitbread in a research report on Thursday, July 2nd. Jefferies Financial Group lowered their price target on Whitbread from GBX 2,900 ($35.69) to GBX 2,200 ($27.07) and set a "hold" rating on the stock in a report on Thursday, June 25th. Finally, Morgan Stanley cut their price objective on shares of Whitbread from GBX 4,400 ($54.15) to GBX 3,200 ($39.38) and set an "equal weight" rating on the stock in a research note on Wednesday, April 15th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company's stock. The company has an average rating of "Hold" and a consensus price target of GBX 3,129.17 ($38.51).
Shares of LON:WTB opened at GBX 2,262 ($27.84) on Thursday. The company's fifty day moving average is GBX 2,451.50 and its two-hundred day moving average is GBX 3,397.18. The company has a debt-to-equity ratio of 92.04, a quick ratio of 1.25 and a current ratio of 1.31. Whitbread has a 1-year low of GBX 1,805.50 ($22.22) and a 1-year high of GBX 5,194 ($63.92). The stock has a market capitalization of $4.65 billion and a price-to-earnings ratio of 15.60.
In related news, insider Frank Fiskers bought 1,200 shares of Whitbread stock in a transaction dated Thursday, June 11th. The stock was acquired at an average cost of GBX 2,441 ($30.04) per share, with a total value of £29,292 ($36,047.26). Also, insider Nicholas Cadbury sold 2,484 shares of the stock in a transaction on Friday, June 19th. The shares were sold at an average price of GBX 2,435 ($29.97), for a total value of £60,485.40 ($74,434.41).
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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