Whitbread (LON:WTB) Given New GBX 3,800 Price Target 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 target price hoisted by Citigroup from GBX 3,600 to GBX 3,800 in a research report sent to investors on Thursday morning, MarketBeat.com reports. The firm currently has a buy rating on the stock.

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

Whitbread Stock Down 2.0%

Shares of WTB stock traded down GBX 65 during midday trading on Thursday, reaching GBX 3,138. 548,301 shares of the stock were exchanged, compared to its average volume of 1,688,132. Whitbread has a 1 year low of GBX 2,253 and a 1 year high of GBX 3,352. The company's 50 day moving average is GBX 3,016.08 and its two-hundred day moving average is GBX 2,779.86. 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 has a market cap of £5.60 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of -3.09 and a beta of 1.11.

Whitbread declared that its board has initiated a stock repurchase plan on Thursday, May 1st that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is 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.