Whitbread plc (WTB) Rating Lowered to Equal weight at Morgan Stanley

Morgan Stanley lowered shares of Whitbread plc (LON:WTB) to an equal weight rating in a report published on Wednesday, October 25th. They currently have GBX 4,500 ($59.19) price objective on the stock, down from their previous price objective of GBX 4,700 ($61.82).

A number of other analysts have also recently weighed in on the company. Citigroup Inc. cut Whitbread plc to a sell rating and lowered their price objective for the stock from GBX 4,800 ($63.13) to GBX 3,200 ($42.09) in a research report on Tuesday, September 12th. Deutsche Bank AG reiterated a buy rating and set a GBX 4,400 ($57.87) price objective on shares of Whitbread plc in a research note on Wednesday, October 11th. J P Morgan Chase & Co reiterated a neutral rating and set a GBX 4,000 ($52.61) price objective on shares of Whitbread plc in a research note on Wednesday, June 28th. Credit Suisse Group reiterated an outperform rating and set a GBX 4,870 ($64.05) price objective on shares of Whitbread plc in a research note on Monday, July 3rd. Finally, Barclays PLC reiterated an equal weight rating and set a GBX 3,925 ($51.62) price objective on shares of Whitbread plc in a research note on Thursday, August 3rd. Four research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of GBX 4,122.44 ($54.22).

Whitbread plc (LON WTB) traded down GBX 26 ($0.34) during midday trading on Wednesday, hitting GBX 3,570 ($46.96). The stock had a trading volume of 458,769 shares, compared to its average volume of 739,197. Whitbread plc has a 1 year low of GBX 3,365 ($44.26) and a 1 year high of GBX 4,333 ($56.99).

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

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.

Analyst Recommendations for Whitbread plc (LON:WTB)

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