Brokerages Set Whitbread plc (LON:WTB) Target Price at GBX 2,713.33

Whitbread plc (LON:WTB - Get Free Report) has received a consensus rating of "Moderate Buy" from the six research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is GBX 2,860 ($38.03).

Several research firms have issued reports on WTB. JPMorgan Chase & Co. cut Whitbread to a "neutral" rating in a research note on Friday, March 7th. Shore Capital reissued a "buy" rating on shares of Whitbread in a research report on Thursday, January 16th. Finally, Citigroup lowered their target price on shares of Whitbread from GBX 3,700 ($49.20) to GBX 3,300 ($43.88) and set a "buy" rating for the company in a research note on Tuesday, April 15th.

Insiders Place Their Bets

In other Whitbread news, insider Kal Atwal purchased 1,130 shares of the company's stock in a transaction on Thursday, February 20th. The stock was acquired at an average price of GBX 2,621 ($34.85) per share, for a total transaction of £29,617.30 ($39,379.47). Insiders own 1.03% of the company's stock.

Whitbread Price Performance

Shares of LON:WTB traded up GBX 25 ($0.33) during midday trading on Tuesday, hitting GBX 2,537 ($33.73). The company had a trading volume of 302,459 shares, compared to its average volume of 2,909,856. Whitbread has a twelve month low of GBX 2,253 ($29.96) and a twelve month high of GBX 3,352 ($44.57). The stock has a market cap of £4.53 billion, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of -3.09 and a beta of 1.11. The company has a debt-to-equity ratio of 33.18, a current ratio of 0.96 and a quick ratio of 1.74. The business's 50-day simple moving average is GBX 2,550.93 and its 200-day simple moving average is GBX 2,834.86.

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.