Whitbread (WTB) Trading Up 0% Following Analyst Upgrade

Whitbread plc (LON:WTB)’s share price was up 0% during trading on Thursday after Barclays raised their price target on the stock from GBX 3,800 to GBX 3,900. Barclays currently has an equal weight rating on the stock. Whitbread traded as high as GBX 4,050 ($54.15) and last traded at GBX 4,001 ($53.50). Approximately 616,305 shares traded hands during mid-day trading, an increase of 16% from the average daily volume of 531,553 shares. The stock had previously closed at GBX 4,001 ($53.50).

A number of other equities research analysts have also recently issued reports on the company. Citigroup cut Whitbread to a “sell” rating and cut their target price for the company from GBX 4,800 ($64.18) to GBX 3,200 ($42.79) in a research note on Tuesday, September 12th. Deutsche Bank reiterated a “buy” rating on shares of Whitbread in a research note on Friday, October 20th. Morgan Stanley reiterated an “overweight” rating and issued a GBX 4,700 ($62.84) target price on shares of Whitbread in a research note on Thursday, October 5th. Numis Securities reiterated a “hold” rating and issued a GBX 4,100 ($54.82) target price on shares of Whitbread in a research note on Tuesday, October 24th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 4,000 ($53.48) target price on shares of Whitbread in a research note on Wednesday, October 25th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 4,122.44 ($55.12).

The firm has a market capitalization of $7,330.00 and a P/E ratio of 1,554.09.

The business also recently disclosed a dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 9th were paid a dividend of GBX 31.40 ($0.42) per share. This represents a dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, November 9th.

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Whitbread 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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