Whitbread (LON:WTB) Price Target Raised to GBX 3,800 at Citigroup

Key Points

• Citigroup raised Whitbread's price target from GBX 3,600 to GBX 3,800, maintaining a "buy" rating, indicating a potential upside of 20.46% from the current stock price.
• Whitbread recently authorized a stock repurchase program, suggesting the board believes the company's stock is undervalued.
• Insider transactions included the sale of shares by executives, with Dominic Paul selling 3,206 shares and Hemant Patel selling 2,607 shares at an average price of GBX 2,790.

Whitbread (LON:WTB - Free Report) had its price target lifted by Citigroup from GBX 3,600 to GBX 3,800 in a research note released on Thursday, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently weighed in on the company. Berenberg Bank reduced their price target on Whitbread from GBX 3,900 to GBX 3,500 and set a "buy" rating for the company in a research report on Wednesday, July 9th. Shore Capital reiterated a "buy" rating on shares of Whitbread in a research report on Thursday, May 1st. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of GBX 3,650.

Whitbread Stock Performance

Shares of LON WTB traded up GBX 62 during mid-day trading on Thursday, hitting GBX 3,203. The company had a trading volume of 281,938 shares, compared to its average volume of 1,695,125. The company has a market capitalization of £5.72 billion, a price-to-earnings ratio of 24.77, a P/E/G ratio of -3.09 and a beta of 1.11. Whitbread has a 1 year low of GBX 2,253 and a 1 year 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 stock's 50-day moving average price is GBX 3,008.38 and its 200-day moving average price is GBX 2,776.90.

Whitbread declared that its board has approved a stock buyback program on Thursday, May 1st that allows the company to buyback 0 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

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.