Whitbread (LON:WTB) Stock Price Down 8% - What's Next?

Key Points

• Whitbread plc's stock price has declined by 8% during trading, falling to GBX 2,966 ($39.76) from a previous close of GBX 3,224 ($43.22).
• Research analysts have set a new consensus price target for Whitbread at GBX 3,650, with three analysts rating it a "Buy" and one a "Hold".
• Whitbread recently reported earnings of GBX 133.70 per share for the quarter, with a net margin of 8.08% and a return on equity of 6.83%.

Shares of Whitbread plc (LON:WTB - Get Free Report) dropped 8% during trading on Thursday . The stock traded as low as GBX 2,894 ($38.79) and last traded at GBX 2,966 ($39.76). Approximately 1,214,816 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 1,675,718 shares. The stock had previously closed at GBX 3,224 ($43.22).

Analysts Set New Price Targets

WTB has been the topic of a number of research analyst reports. Berenberg Bank decreased their price target on shares of Whitbread from GBX 3,900 to GBX 3,500 and set a "buy" rating on the stock in a report on Wednesday, July 9th. Citigroup lifted their price target on shares of Whitbread from GBX 3,600 to GBX 3,800 and gave the company a "buy" rating in a report on Thursday, August 21st. Three research 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, the company has a consensus rating of "Moderate Buy" and a consensus price target of GBX 3,650.

Whitbread Trading Down 8.6%

The business's 50-day moving average is GBX 3,152.79 and its two-hundred day moving average is GBX 2,921.34. 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 has a market capitalization of £5.08 billion, a PE ratio of 2,096.70, a PEG ratio of -3.09 and a beta of 1.11.

Whitbread (LON:WTB - Get Free Report) last announced its quarterly 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%. On average, analysts predict that Whitbread plc will post 227.1851852 earnings per share for the current year.

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.

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