Whitbread (LON:WTB) Reaches New 1-Year Low - Here's Why

Whitbread plc (LON:WTB - Get Free Report)'s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 2,600 ($33.51) and last traded at GBX 2,601 ($33.52), with a volume of 978628 shares traded. The stock had previously closed at GBX 2,667 ($34.37).

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WTB. Berenberg Bank dropped their price target on Whitbread from GBX 4,000 ($51.55) to GBX 3,900 ($50.26) and set a "buy" rating on the stock in a research report on Tuesday, December 10th. JPMorgan Chase & Co. lowered shares of Whitbread to a "neutral" rating in a research report on Friday. Finally, Shore Capital reaffirmed a "buy" rating on shares of Whitbread in a research report on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 2,713.33 ($34.97).

Whitbread Stock Down 0.7 %

The business has a 50 day simple moving average of GBX 2,796.58 and a 200 day simple moving average of GBX 2,930.52. 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 stock has a market cap of £4.49 billion, a PE ratio of 19.44, a P/E/G ratio of -3.09 and a beta of 1.11.

Insider Buying and Selling

In other Whitbread news, insider Kal Atwal bought 1,130 shares of the stock in a transaction on Thursday, February 20th. The shares were purchased at an average cost of GBX 2,621 ($33.78) per share, with a total value of £29,617.30 ($38,166.62). 1.03% of the stock is currently owned by corporate insiders.

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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.