Shore Capital Reaffirms Buy Rating for Whitbread (LON:WTB)

Key Points

• Shore Capital has reaffirmed its "buy" rating for Whitbread (LON: WTB), while other analysts have mixed views, with Berenberg Bank reducing its price target to GBX 3,500 and Citigroup increasing it to GBX 3,800.
• Whitbread's stock fell by 10.1% to GBX 2,898 on the day of reporting, with a current market capitalization of £5.00 billion and a PE ratio of 2,061.17.
• The company reported earnings per share of GBX 133.70 for the quarter ending October 16th and anticipates an average EPS of 227.18 for the current fiscal year.

Whitbread (LON:WTB - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Shore Capital in a report issued on Thursday,Digital Look reports.

Other equities analysts have also recently issued reports about the company. Berenberg Bank lowered their price objective on Whitbread from GBX 3,900 to GBX 3,500 and set a "buy" rating on the stock in a research report on Wednesday, July 9th. Citigroup increased their price target on Whitbread from GBX 3,600 to GBX 3,800 and gave the company a "buy" rating in a report on Thursday, August 21st. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 3,600.

Whitbread Stock Down 10.1%

WTB stock traded down GBX 326 during midday trading on Thursday, hitting GBX 2,898. The company's stock had a trading volume of 291,400,281 shares, compared to its average volume of 3,119,427. The company has a market cap of £5.00 billion, a PE ratio of 2,061.17, a P/E/G ratio of -3.09 and a beta of 1.11. Whitbread has a 12 month low of GBX 2,253 and a 12 month high of GBX 3,352. The company has a current ratio of 0.96, a quick ratio of 1.74 and a debt-to-equity ratio of 33.18. The firm's 50-day moving average is GBX 3,152.79 and its 200-day moving average is GBX 2,921.34.

Whitbread (LON:WTB - Get Free Report) last released its quarterly earnings data on Thursday, October 16th. The company reported GBX 133.70 earnings per share (EPS) for the quarter. Whitbread had a return on equity of 6.83% and a net margin of 8.08%. On average, equities research analysts forecast that Whitbread will post 227.1851852 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.