Whitbread (LON:WTB) Reaches New 52-Week Low – Here’s What Happened

Whitbread plc (LON:WTB)’s stock price reached a new 52-week low on Monday . The stock traded as low as GBX 2,431 ($31.43) and last traded at GBX 2,433 ($31.46), with a volume of 485295 shares trading hands. The stock had previously closed at GBX 2,486 ($32.14).

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Whitbread to a “neutral” rating in a report on Friday, March 7th. Shore Capital reissued a “buy” rating on shares of Whitbread in a research note on Thursday, January 16th. Finally, Berenberg Bank cut their price target on Whitbread from GBX 4,000 ($51.72) to GBX 3,900 ($50.43) and set a “buy” rating for the company in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,713.33 ($35.08).

Whitbread Trading Down 2.3 %

The company’s fifty day simple moving average is GBX 2,674.50 and its 200-day simple moving average is GBX 2,899.95. The firm has a market capitalization of £4.34 billion, a PE ratio of 18.79, a P/E/G ratio of -3.09 and a beta of 1.11. The company has a debt-to-equity ratio of 33.18, a current ratio of 0.96 and a quick ratio of 1.74.

Insider Buying and Selling

In other news, insider Kal Atwal purchased 1,130 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was purchased at an average cost of GBX 2,621 ($33.89) per share, for a total transaction of £29,617.30 ($38,294.93). 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.