Whitbread plc (WTB) Given Consensus Recommendation of “Hold” by Brokerages
Whitbread plc (LON:WTB) has earned a consensus rating of “Hold” from the eighteen brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 4,742.31 ($61.77).
Several research analysts recently issued reports on the stock. Deutsche Bank reissued a “buy” rating on shares of Whitbread in a report on Thursday, June 21st. Numis Securities reissued an “under review” rating on shares of Whitbread in a report on Friday, August 31st. Canaccord Genuity assumed coverage on shares of Whitbread in a report on Friday, September 7th. They set a “buy” rating and a GBX 4,500 ($58.62) target price for the company. Barclays reissued an “equal weight” rating on shares of Whitbread in a report on Thursday, June 7th. Finally, UBS Group reissued a “neutral” rating on shares of Whitbread in a report on Friday, August 31st.
Shares of Whitbread stock traded down GBX 21 ($0.27) during trading on Wednesday, hitting GBX 4,700 ($61.22). 352,415 shares of the company’s stock were exchanged, compared to its average volume of 564,229. Whitbread has a 52-week low of GBX 3,499.90 ($45.59) and a 52-week high of GBX 4,333 ($56.44).
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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