Shares of Whitbread plc (LON:WTB) have received an average rating of “Buy” from the sixteen analysts that are currently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 5,020 ($65.60).
Several equities analysts have recently issued reports on the company. Credit Suisse Group lifted their price objective on Whitbread from GBX 4,950 ($64.68) to GBX 5,600 ($73.17) and gave the company an “outperform” rating in a research note on Thursday. Barclays reiterated an “equal weight” rating and issued a GBX 5,100 ($66.64) price objective on shares of Whitbread in a research note on Thursday, November 8th. Berenberg Bank lifted their price objective on Whitbread from GBX 4,900 ($64.03) to GBX 5,900 ($77.09) and gave the company a “buy” rating in a research note on Tuesday, October 23rd. Kepler Capital Markets reiterated a “hold” rating on shares of Whitbread in a research note on Tuesday, October 23rd. Finally, Liberum Capital reissued a “hold” rating on shares of Whitbread in a research report on Tuesday, October 23rd.
Shares of WTB traded down GBX 36 ($0.47) during midday trading on Thursday, hitting GBX 4,536 ($59.27). The company had a trading volume of 672,580 shares, compared to its average volume of 564,229. Whitbread has a 1 year low of GBX 3,499.90 ($45.73) and a 1 year high of GBX 4,333 ($56.62).
In related news, insider Adam Crozier bought 2,000 shares of the company’s stock in a transaction dated Tuesday, November 13th. The shares were acquired at an average price of GBX 4,561 ($59.60) per share, with a total value of £91,220 ($119,195.09). Also, insider Richard Gillingwater bought 1,000 shares of the company’s stock in a transaction dated Thursday, November 1st. The stock was bought at an average cost of GBX 4,531 ($59.21) per share, for a total transaction of £45,310 ($59,205.54).
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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