Whitbread (LON:WTB) Downgraded by JPMorgan Chase & Co. to Neutral

Whitbread (LON:WTB) was downgraded by investment analysts at JPMorgan Chase & Co. to a “neutral” rating in a research report issued to clients and investors on Friday, Marketbeat reports.

WTB has been the topic of several other reports. Shore Capital reiterated a “buy” rating on shares of Whitbread in a report on Thursday, January 16th. Berenberg Bank decreased their target price on shares of Whitbread from GBX 4,000 ($51.69) to GBX 3,900 ($50.39) and set a “buy” rating on the stock in a report on Tuesday, December 10th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 2,713.33 ($35.06).

Whitbread Stock Performance

LON:WTB opened at GBX 2,513.59 ($32.48) on Friday. The company has a debt-to-equity ratio of 33.18, a current ratio of 0.96 and a quick ratio of 1.74. The firm has a market capitalization of £4.49 billion, a price-to-earnings ratio of 19.44, a PEG ratio of -3.09 and a beta of 1.11. The company’s 50-day moving average is GBX 2,788.58 and its two-hundred day moving average is GBX 2,929.06. Whitbread has a 1-year low of GBX 2,456 ($31.74) and a 1-year high of GBX 3,357 ($43.38).

Insider Transactions at Whitbread

In related news, insider Kal Atwal acquired 1,130 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were purchased at an average cost of GBX 2,621 ($33.87) per share, for a total transaction of £29,617.30 ($38,270.19). Company insiders own 1.03% of the company’s stock.

Whitbread Company Profile

Whitbread is the owner of Premier Inn, the UK’s biggest
hotel brand, with 86,000 rooms in over 850 hotels
and a growing presence in Germany with 10,500 rooms in
59 hotels, offering quality accommodation at affordable
prices in great locations.

People are at the heart of our business. We employ over
38,000 team members in over 900 Premier Inn hotels
across the UK and Germany.