Citigroup Lowers Whitbread (LON:WTB) Price Target to GBX 3,300

Whitbread (LON:WTB - Free Report) had its target price decreased by Citigroup from GBX 3,700 ($49.20) to GBX 3,300 ($43.88) in a research report released on Tuesday, MarketBeat Ratings reports. Citigroup currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. cut shares of Whitbread to a "neutral" rating in a research report on Friday, March 7th. Shore Capital reaffirmed a "buy" rating on shares of Whitbread in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of GBX 2,860 ($38.03).

Whitbread Price Performance

Whitbread stock traded up GBX 25 ($0.33) during trading hours on Tuesday, hitting GBX 2,537 ($33.73). The stock had a trading volume of 302,459 shares, compared to its average volume of 2,909,856. The stock has a market capitalization of £4.53 billion, a price-to-earnings ratio of 19.62, a PEG 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. Whitbread has a 1-year low of GBX 2,253 ($29.96) and a 1-year high of GBX 3,352 ($44.57). The stock's fifty day moving average is GBX 2,550.93 and its two-hundred day moving average is GBX 2,834.86.

Insider Buying and Selling at Whitbread

In other news, insider Kal Atwal acquired 1,130 shares of Whitbread stock in a transaction dated Thursday, February 20th. The shares were acquired at an average cost of GBX 2,621 ($34.85) per share, with a total value of £29,617.30 ($39,379.47). 1.03% of the stock is owned by company 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.