Whitbread (LON:WTB) Price Target Raised to GBX 2,900

Key Points

• Whitbread's price target has been raised by JPMorgan Chase & Co. from GBX 2,800 to GBX 2,900, maintaining a "neutral" rating with a potential upside of 0.83% from the current price.
• Other analysts have issued varied ratings, with Peel Hunt maintaining a "buy" rating and setting a target price of GBX 3,500, while Berenberg Bank and Citigroup have adjusted their targets to GBX 3,500 and GBX 3,800 respectively.
• Whitbread stock is currently priced at GBX 2,876.23, reflecting a recent decline of 0.6%, with a twelve-month trading range between GBX 2,253 and GBX 3,352.

Whitbread (LON:WTB - Get Free Report) had its price target raised by equities researchers at JPMorgan Chase & Co. from GBX 2,800 to GBX 2,900 in a research report issued to clients and investors on Friday,Digital Look reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 0.83% from the company's current price.

Several other analysts have also recently issued reports on the stock. Peel Hunt reiterated a "buy" rating and issued a GBX 3,500 target price on shares of Whitbread in a research note on Thursday. Berenberg Bank lowered their price objective on shares of 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. Shore Capital restated a "buy" rating on shares of Whitbread in a research report on Thursday. Finally, Citigroup raised their price objective on shares of Whitbread from GBX 3,600 to GBX 3,800 and gave the company a "buy" rating in a research report on Thursday, August 21st. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Whitbread currently has an average rating of "Moderate Buy" and a consensus target price of GBX 3,425.

Whitbread Stock Down 0.6%

Whitbread stock opened at GBX 2,876.23 on Friday. Whitbread has a twelve month low of GBX 2,253 and a twelve month high of GBX 3,352. The firm has a 50 day moving average price of GBX 3,149.81 and a 200-day moving average price of GBX 2,924.40. The company has a market capitalization of £4.96 billion, a P/E ratio of 2,045.68, a P/E/G ratio of -3.09 and a beta of 1.11. The company has a quick ratio of 1.74, a current ratio of 0.96 and a debt-to-equity ratio of 33.18.

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

Whitbread Company Profile

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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