Whitbread plc (WTB) Shares Down 1.8% Following Analyst Downgrade

Whitbread plc (LON:WTB) shares fell 1.8% during trading on Wednesday after Morgan Stanley downgraded the stock to an equal weight rating. Morgan Stanley now has a GBX 4,500 price target on the stock, down from their previous price target of GBX 4,700. Whitbread plc traded as low as GBX 3,659 ($48.28) and last traded at GBX 3,686 ($48.64). 1,562,807 shares traded hands during mid-day trading, an increase of 166% from the average session volume of 586,730 shares. The stock had previously closed at GBX 3,753 ($49.52).

WTB has been the subject of several other research reports. Beaufort Securities dropped their price target on Whitbread plc from GBX 3,600 ($47.51) to GBX 3,400 ($44.87) and set a “sell” rating for the company in a research report on Tuesday. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 4,000 ($52.78) price target on shares of Whitbread plc in a research report on Wednesday, September 27th. Barclays PLC restated an “equal weight” rating and set a GBX 3,925 ($51.79) target price on shares of Whitbread plc in a research report on Thursday, July 13th. Numis Securities Ltd restated a “hold” rating and set a GBX 4,100 ($54.10) target price on shares of Whitbread plc in a research report on Tuesday. Finally, HSBC Holdings plc restated a “buy” rating and set a GBX 4,800 ($63.34) target price on shares of Whitbread plc in a research report on Tuesday, September 26th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 4,130.25 ($54.50).

The company’s market capitalization is GBX 6.76 billion. The firm’s 50 day moving average is GBX 3,808.76 and its 200-day moving average is GBX 3,933.32.

The business also recently disclosed a dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 9th will be given a dividend of GBX 31.40 ($0.41) per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a dividend yield of 0.84%.

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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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