Whitbread (LON:WTB) Earns Buy Rating from Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Whitbread (LON:WTB - Free Report) in a report published on Thursday, Marketbeat.com reports. Berenberg Bank currently has a GBX 4,000 ($51.93) target price on the stock.

WTB has been the topic of a number of other research reports. Shore Capital reiterated a "buy" rating on shares of Whitbread in a research report on Wednesday, October 16th. Jefferies Financial Group lifted their price target on Whitbread from GBX 39 ($0.51) to GBX 40 ($0.52) and gave the stock a "buy" rating in a report on Tuesday, August 20th. Finally, The Goldman Sachs Group lowered shares of Whitbread to a "neutral" rating in a report on Wednesday, September 18th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of GBX 2,746.67 ($35.66).

Whitbread Price Performance

Shares of Whitbread stock traded down GBX 40.14 ($0.52) during mid-day trading on Thursday, reaching GBX 3,294.86 ($42.78). 734,354 shares of the stock traded hands, compared to its average volume of 1,340,343. The company has a quick ratio of 1.74, a current ratio of 1.02 and a debt-to-equity ratio of 144.72. The business has a 50-day moving average of GBX 3,037.72 and a 200 day moving average of GBX 3,012.67. The stock has a market capitalization of £5.88 billion, a PE ratio of 2,050.63, a PEG ratio of -3.09 and a beta of 1.11. Whitbread has a fifty-two week low of GBX 2,723 ($35.35) and a fifty-two week high of GBX 3,714 ($48.22).

Whitbread Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, October 31st will be given a dividend of GBX 34.60 ($0.45) per share. This represents a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, October 31st. Whitbread's payout ratio is 6,062.50%.

Whitbread Company Profile

Whitbread plc operates hotels and restaurants in the United Kingdom, Germany, and internationally. It operates hotels with rooms in the United Kingdom; Middle East; and Germany under the Premier Inn, ZIP by Premier Inn, and hub by Premier Inn brands. The company operates restaurants under the Brewers Fayre, Beefeater, Cookhouse & Pub, Bar+Block Steakhouse, Thyme, and Table Table brands in the United Kingdom.