Whitbread plc (LON:WTB) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Whitbread plc (LON:WTB - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the five analysts that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 3,650.

A number of research analysts have issued reports on WTB shares. Shore Capital reissued a "buy" rating on shares of Whitbread in a report on Thursday, May 1st. Citigroup lifted their price objective on Whitbread from GBX 3,600 to GBX 3,800 and gave the company a "buy" rating in a report on Thursday. Finally, Berenberg Bank cut their price objective on Whitbread from GBX 3,900 to GBX 3,500 and set a "buy" rating for the company in a report on Wednesday, July 9th.

Whitbread Price Performance

Shares of LON WTB traded up GBX 54 during midday trading on Monday, reaching GBX 3,195. 91,922 shares of the company traded hands, compared to its average volume of 1,693,959. The firm has a market cap of £5.70 billion, a PE ratio of 24.71, a PEG ratio of -3.09 and a beta of 1.11. The stock's 50-day simple moving average is GBX 2,999.96 and its 200-day simple moving average is GBX 2,773.78. Whitbread has a 12 month low of GBX 2,253 and a 12 month high of GBX 3,352. 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 announced that its Board of Directors has authorized a share buyback plan on Thursday, May 1st that allows the company to repurchase 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.

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.