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Whitbread (LON:WTB) Stock Price Down 10.3% - What's Next?

Whitbread logo with Consumer Cyclical background

Key Points

  • Whitbread plc shares fell 10.3%, closing at GBX 2,893 ($38.78) after trading as low as GBX 2,876 ($38.55), with trading volume significantly higher than average.
  • Equities analysts have varying opinions on the stock, with several maintaining a "buy" rating while reducing target prices, now averaging around GBX 3,600.
  • Whitbread, known for its Premier Inn brand, reported a recent earnings per share of GBX 133.70 and has a market cap of £4.99 billion.
  • MarketBeat previews the top five stocks to own by November 1st.

Whitbread plc (LON:WTB - Get Free Report) dropped 10.3% on Thursday . The company traded as low as GBX 2,876 ($38.66) and last traded at GBX 2,893 ($38.89). Approximately 2,658,615 shares traded hands during trading, an increase of 58% from the average daily volume of 1,682,901 shares. The stock had previously closed at GBX 3,224 ($43.34).

Analysts Set New Price Targets

Several research firms have weighed in on WTB. 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 reissued a "buy" rating on shares of Whitbread in a research report on Thursday. Peel Hunt reaffirmed a "buy" rating and issued a GBX 3,500 price objective on shares of Whitbread in a research report on Thursday. Finally, Citigroup boosted their target price on Whitbread from GBX 3,600 to GBX 3,800 and gave the stock a "buy" rating in a report on Thursday, August 21st. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 3,600.

Read Our Latest Analysis on WTB

Whitbread Price Performance

The firm has a market cap of £4.99 billion, a price-to-earnings ratio of 2,057.61, a price-to-earnings-growth ratio of -3.09 and a beta of 1.11. 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 company's 50-day moving average is GBX 3,149.81 and its 200-day moving average is GBX 2,924.40.

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

About Whitbread

(Get Free Report)

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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