Berenberg Bank Reaffirms Buy Rating for Whitbread (LON:WTB)

Berenberg Bank reissued their buy rating on shares of Whitbread (LON:WTB) in a research report released on Thursday morning, Marketbeat.com reports. The brokerage currently has a GBX 4,000 ($51.93) price objective on the stock.

Several other equities analysts also recently weighed in on the company. The Goldman Sachs Group downgraded Whitbread to a “neutral” rating in a research report on Wednesday, September 18th. Shore Capital restated a “buy” rating on shares of Whitbread in a report on Wednesday, October 16th. Finally, Jefferies Financial Group boosted their target price on Whitbread from GBX 39 ($0.51) to GBX 40 ($0.52) and gave the stock a “buy” rating in a report on Tuesday, August 20th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,746.67 ($35.66).

Whitbread Trading Down 0.6 %

Shares of WTB opened at GBX 3,293 ($42.76) on Thursday. Whitbread has a fifty-two week low of GBX 2,723 ($35.35) and a fifty-two week high of GBX 3,714 ($48.22). The company has a market capitalization of £5.88 billion, a PE ratio of 2,058.13, a price-to-earnings-growth ratio of -3.09 and a beta of 1.11. The stock has a fifty day moving average of GBX 3,047.30 and a two-hundred day moving average of GBX 3,010.76. The company has a debt-to-equity ratio of 144.72, a quick ratio of 1.74 and a current ratio of 1.02.

Whitbread Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, October 31st will be paid a GBX 34.60 ($0.45) dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a dividend yield of 1.13%. Whitbread’s dividend payout ratio (DPR) is currently 6,062.50%.

Whitbread Company Profile

Whitbread plc operates hotels and restaurants in the United Kingdom, Germany, and internationally. It operates hotels with rooms in the United Kingdom; Middle East; and Germany under the Premier Inn, ZIP by Premier Inn, and hub by Premier Inn brands. The company operates restaurants under the Brewers Fayre, Beefeater, Cookhouse & Pub, Bar+Block Steakhouse, Thyme, and Table Table brands in the United Kingdom.