Whitbread plc (LON:WTB) Given Average Recommendation of “Hold” by Brokerages
Shares of Whitbread plc (LON:WTB) have received a consensus rating of “Hold” from the nineteen brokerages that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is GBX 3,082.14 ($37.93).
WTB has been the subject of a number of analyst reports. Goldman Sachs Group reduced their target price on shares of Whitbread from GBX 2,302.45 ($28.33) to GBX 2,150 ($26.46) and set a “sell” rating for the company in a research note on Thursday. Citigroup reiterated a “neutral” rating and issued a GBX 2,600 ($32.00) target price on shares of Whitbread in a research note on Friday, June 5th. Berenberg Bank reduced their price objective on shares of Whitbread from GBX 3,000 ($36.92) to GBX 2,400 ($29.53) and set a “hold” rating for the company in a research note on Tuesday, June 30th. Shore Capital restated an “under review” rating on shares of Whitbread in a research note on Thursday, May 21st. Finally, Morgan Stanley reduced their price objective on shares of Whitbread from GBX 4,400 ($54.15) to GBX 3,200 ($39.38) and set an “equal weight” rating for the company in a research note on Wednesday, April 15th.
In other Whitbread news, insider Nicholas Cadbury sold 3,358 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of GBX 2,385 ($29.35), for a total value of £80,088.30 ($98,558.09). Also, insider Frank Fiskers purchased 1,200 shares of the stock in a transaction on Thursday, June 11th. The stock was acquired at an average cost of GBX 2,441 ($30.04) per share, for a total transaction of £29,292 ($36,047.26).
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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