Whitbread plc (LON:WTB)‘s stock had its “underweight” rating restated by stock analysts at Barclays PLC in a research note issued to investors on Thursday. They presently have a GBX 3,220 ($42.03) price target on the stock. Barclays PLC’s target price indicates a potential downside of 18.27% from the stock’s previous close.
Several other research firms have also recently weighed in on WTB. Credit Suisse Group AG reissued an “outperform” rating and set a GBX 4,900 ($63.96) price target on shares of Whitbread plc in a report on Thursday, June 9th. Beaufort Securities reissued a “buy” rating on shares of Whitbread plc in a report on Wednesday, June 22nd. Deutsche Bank AG reissued a “buy” rating and set a GBX 5,128 ($66.94) price target on shares of Whitbread plc in a report on Wednesday, June 22nd. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Whitbread plc in a report on Wednesday, June 22nd. Finally, HSBC began coverage on Whitbread plc in a report on Monday, September 19th. They issued a “buy” rating and a GBX 4,800 ($62.66) price objective for the company. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 4,510.79 ($58.88).
Whitbread plc (LON:WTB) opened at 3939.7610 on Thursday. The stock’s 50 day moving average price is GBX 4,068.81 and its 200 day moving average price is GBX 3,925.19. The firm’s market cap is GBX 7.16 billion. Whitbread plc has a 52 week low of GBX 3,283.00 and a 52 week high of GBX 4,968.00.
In other news, insider Smalley,Louise sold 470 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of GBX 3,962 ($51.72), for a total value of £18,621.40 ($24,306.75). Also, insider Cadbury ,Nicholas sold 12,138 shares of the business’s stock in a transaction dated Friday, July 1st. The shares were sold at an average price of GBX 3,501 ($45.70), for a total value of £424,951.38 ($554,694.40).
About Whitbread plc
Whitbread PLC is a United Kingdom-based hospitality company. The Company operates hotels, coffee shops and restaurants. The Company operates in two segments: Hotels & Restaurants and Costa. The Hotels & Restaurants segment provides services in relation to accommodation and food. The Costa segment generates income from the operation of its branded, owned and franchised coffee outlets.
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