Whitbread plc (WTB) Receives Consensus Rating of “Hold” from Brokerages

Shares of Whitbread plc (LON:WTB) have earned an average recommendation of “Hold” from the seventeen brokerages that are currently covering the stock, Marketbeat reports. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 4,981.82 ($65.10).

Several research firms recently issued reports on WTB. Numis Securities restated an “under review” rating on shares of Whitbread in a research note on Friday, August 31st. JPMorgan Chase & Co. upgraded Whitbread to an “overweight” rating and boosted their price target for the company from GBX 4,470 ($58.41) to GBX 5,500 ($71.87) in a research note on Friday, September 14th. Shore Capital restated a “buy” rating on shares of Whitbread in a research note on Friday, September 7th. Canaccord Genuity began coverage on Whitbread in a research note on Friday, September 7th. They issued a “buy” rating and a GBX 4,500 ($58.80) price target for the company. Finally, UBS Group restated a “neutral” rating on shares of Whitbread in a research note on Friday, August 31st.

WTB traded up GBX 27 ($0.35) during trading on Monday, hitting GBX 4,520 ($59.06). The stock had a trading volume of 765,310 shares, compared to its average volume of 564,229. Whitbread has a one year low of GBX 3,499.90 ($45.73) and a one year high of GBX 4,333 ($56.62).

The firm also recently declared a dividend, which will be paid on Friday, December 14th. Stockholders of record on Thursday, November 8th will be issued a dividend of GBX 32.70 ($0.43) per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a dividend yield of 0.74%.

In other Whitbread news, insider Richard Gillingwater purchased 1,000 shares of the stock in a transaction dated Thursday, November 1st. The stock was bought at an average price of GBX 4,531 ($59.21) per share, with a total value of £45,310 ($59,205.54). Also, insider Adam Crozier purchased 2,000 shares of the stock in a transaction dated Tuesday, November 13th. The shares were acquired at an average cost of GBX 4,561 ($59.60) per share, with a total value of £91,220 ($119,195.09).

About Whitbread

Whitbread PLC operates hotels, restaurants, and coffee shops. The company operates through two segments, Premier Inn and Costa. It operates approximately 785 hotels with 72,466 rooms in the United Kingdom, as well as hotels under the Premier Inn brand name; hotels under the hub by Premier Inn brand name in the United Kingdom; and restaurants under the Brewers Fayre, Beefeater Grill, Bar+Block, and Table Table brands.

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Analyst Recommendations for Whitbread (LON:WTB)

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