Citigroup Has Lowered Expectations for Whitbread (LON:WTB) Stock Price

Whitbread (LON:WTB) had its price objective lowered by Citigroup from GBX 3,700 ($49.09) to GBX 3,300 ($43.78) in a research report report published on Tuesday morning, MarketBeat reports. Citigroup currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on the stock. Shore Capital restated a “buy” rating on shares of Whitbread in a research note on Thursday, January 16th. JPMorgan Chase & Co. cut shares of Whitbread to a “neutral” rating in a report on Friday, March 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Whitbread presently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,860 ($37.95).

Whitbread Trading Up 1.0 %

Shares of LON:WTB opened at GBX 2,537 ($33.66) on Tuesday. The company has a debt-to-equity ratio of 33.18, a current ratio of 0.96 and a quick ratio of 1.74. Whitbread has a 1 year low of GBX 2,253 ($29.89) and a 1 year high of GBX 3,352 ($44.47). The company has a market cap of £4.53 billion, a P/E ratio of 19.62, a PEG ratio of -3.09 and a beta of 1.11. The stock’s fifty day moving average price is GBX 2,555.07 and its 200-day moving average price is GBX 2,841.35.

Insider Transactions at Whitbread

In other Whitbread news, insider Kal Atwal acquired 1,130 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was purchased at an average price of GBX 2,621 ($34.78) per share, with a total value of £29,617.30 ($39,295.87). Company insiders own 1.03% of the company’s stock.

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.