Whitbread (LON:WTB - Get Free Report) was downgraded by analysts at JPMorgan Chase & Co. to a "neutral" rating in a research report issued to clients and investors on Friday, Marketbeat reports.
Several other analysts have also issued reports on the company. Berenberg Bank dropped their price objective on Whitbread from GBX 4,000 ($51.71) to GBX 3,900 ($50.41) and set a "buy" rating on the stock in a research note on Tuesday, December 10th. Shore Capital reissued a "buy" rating on shares of Whitbread in a report on Thursday, January 16th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of GBX 2,713.33 ($35.07).
Check Out Our Latest Stock Report on WTB
Whitbread Stock Up 3.4 %
WTB traded up GBX 84.41 ($1.09) on Friday, hitting GBX 2,598 ($33.58). 1,171,440 shares of the company were exchanged, compared to its average volume of 2,820,322. The company has a market cap of £4.64 billion, a PE ratio of 20.09, a PEG ratio of -3.09 and a beta of 1.11. Whitbread has a 12 month low of GBX 2,456 ($31.75) and a 12 month high of GBX 3,357 ($43.39). The stock's fifty day moving average is GBX 2,788.58 and its 200-day moving average is GBX 2,929.91. The company has a debt-to-equity ratio of 33.18, a quick ratio of 1.74 and a current ratio of 0.96.
Insider Buying and Selling
In related news, insider Kal Atwal acquired 1,130 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was acquired at an average cost of GBX 2,621 ($33.88) per share, for a total transaction of £29,617.30 ($38,285.03). 1.03% of the stock is owned by corporate insiders.
About Whitbread
(
Get Free Report)
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.
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