Whitbread plc (LON:WTB) Insider Sells £89,447.40 in Stock

Whitbread plc (LON:WTB - Get Free Report) insider Dominic Paul sold 3,206 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of GBX 2,790 ($37.70), for a total transaction of £89,447.40 ($120,874.86).

Whitbread Price Performance

Whitbread stock traded down GBX 8.58 ($0.12) during midday trading on Wednesday, reaching GBX 2,838.42 ($38.36). The company's stock had a trading volume of 615,309 shares, compared to its average volume of 2,358,134. The firm has a market capitalization of £5.07 billion, a PE ratio of 21.95, a P/E/G ratio of -3.09 and a beta of 1.11. The company has a debt-to-equity ratio of 33.18, a quick ratio of 1.74 and a current ratio of 0.96. Whitbread plc has a fifty-two week low of GBX 2,253 ($30.45) and a fifty-two week high of GBX 3,352 ($45.30). The stock's 50 day simple moving average is GBX 2,613.91 and its 200 day simple moving average is GBX 2,750.05.

Whitbread (LON:WTB - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported GBX 194.60 ($2.63) earnings per share (EPS) for the quarter. Whitbread had a return on equity of 6.83% and a net margin of 8.08%. On average, equities research analysts forecast that Whitbread plc will post 227.1851852 earnings per share for the current year.

Whitbread announced that its Board of Directors has approved a stock repurchase plan on Thursday, May 1st that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Shore Capital restated a "buy" rating on shares of Whitbread in a report on Thursday, May 1st. Citigroup lowered their price target on Whitbread from GBX 3,700 ($50.00) to GBX 3,300 ($44.59) and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. lowered Whitbread to a "neutral" rating in a research note on Friday, March 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Whitbread currently has an average rating of "Moderate Buy" and an average price target of GBX 2,860 ($38.65).

Whitbread Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.