Whitbread (WTB) Earns “Buy” Rating from Shore Capital

Shore Capital reiterated their buy rating on shares of Whitbread (LON:WTB) in a research note released on Thursday morning.

Several other analysts also recently weighed in on WTB. Kepler Capital Markets reiterated a hold rating on shares of Whitbread in a research report on Tuesday, October 23rd. Berenberg Bank raised their price target on Whitbread from GBX 4,900 ($64.03) to GBX 5,900 ($77.09) and gave the stock a buy rating in a report on Tuesday, October 23rd. Barclays reaffirmed an equal weight rating on shares of Whitbread in a report on Tuesday, October 9th. Royal Bank of Canada initiated coverage on Whitbread in a report on Tuesday, December 4th. They issued a sector performer rating and a GBX 4,700 ($61.41) price target for the company. Finally, Liberum Capital reissued a hold rating on shares of Whitbread in a report on Tuesday, October 23rd. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of GBX 4,823.44 ($63.03).

Whitbread stock opened at GBX 4,820 ($62.98) on Thursday. Whitbread has a 12-month low of GBX 3,499.90 ($45.73) and a 12-month high of GBX 4,333 ($56.62).

In related news, insider Richard Gillingwater acquired 1,000 shares of Whitbread stock in a transaction on Thursday, November 1st. The shares were bought at an average price of GBX 4,531 ($59.21) per share, for a total transaction of £45,310 ($59,205.54). Also, insider Adam Crozier acquired 2,000 shares of Whitbread stock in a transaction on Tuesday, November 13th. The shares were bought at an average price of GBX 4,561 ($59.60) per share, for a total transaction of £91,220 ($119,195.09).

About Whitbread

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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