Whitbread plc (WTB) Earns Equal weight Rating from Barclays PLC

Barclays PLC reaffirmed their equal weight rating on shares of Whitbread plc (LON:WTB) in a report released on Thursday morning. They currently have a GBX 3,925 ($51.25) price objective on the stock.

A number of other research analysts have also commented on the company. Liberum Capital assumed coverage on Whitbread plc in a report on Wednesday, July 5th. They set a hold rating and a GBX 4,150 ($54.19) price target on the stock. Morgan Stanley reaffirmed an overweight rating and set a GBX 4,700 ($61.37) target price on shares of Whitbread plc in a report on Monday, July 3rd. Credit Suisse Group reaffirmed an outperform rating and set a GBX 4,870 ($63.59) target price on shares of Whitbread plc in a report on Monday, July 3rd. J P Morgan Chase & Co reaffirmed a neutral rating and set a GBX 4,000 ($52.23) target price on shares of Whitbread plc in a report on Wednesday, June 28th. Finally, HSBC Holdings plc reaffirmed a buy rating and set a GBX 4,800 ($62.68) target price on shares of Whitbread plc in a report on Monday, June 26th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of GBX 4,193.18 ($54.76).

Shares of Whitbread plc (WTB) opened at 3894.00 on Thursday. The company has a 50 day moving average of GBX 4,078.31 and a 200 day moving average of GBX 3,966.82. The stock’s market capitalization is GBX 7.10 billion. Whitbread plc has a 52-week low of GBX 3,365.00 and a 52-week high of GBX 4,333.00.

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The business also recently declared a dividend, which was paid on Friday, June 30th. Investors of record on Thursday, May 25th were paid a GBX 65.90 ($0.86) dividend. The ex-dividend date of this dividend was Thursday, May 25th. This represents a yield of 1.65%. This is a boost from Whitbread plc’s previous dividend of $29.90.

In related news, insider Adam Crozier purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were purchased at an average price of GBX 4,074 ($53.20) per share, with a total value of £40,740 ($53,199.27).

Whitbread plc Company Profile

Whitbread PLC is a 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 consists of operations of its branded, owned and franchised coffee outlets.

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