Berenberg Bank Cuts Whitbread (LON:WTB) Price Target to GBX 3,900

Whitbread (LON:WTB) had its price objective cut by Berenberg Bank from GBX 4,000 ($50.70) to GBX 3,900 ($49.44) in a report released on Tuesday morning, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Several other research firms have also commented on WTB. Shore Capital reiterated a “buy” rating on shares of Whitbread in a research note on Wednesday, October 16th. The Goldman Sachs Group cut Whitbread to a “neutral” rating in a report on Wednesday, September 18th. Finally, Jefferies Financial Group increased their target price on Whitbread from GBX 39 ($0.49) to GBX 40 ($0.51) and gave the company a “buy” rating in a report on Tuesday, August 20th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Whitbread has an average rating of “Moderate Buy” and an average target price of GBX 2,713.33 ($34.39).

Whitbread Stock Performance

Shares of WTB stock opened at GBX 2,951.10 ($37.41) on Tuesday. The stock has a market cap of £5.27 billion, a PE ratio of 1,844.44, a price-to-earnings-growth ratio of -3.09 and a beta of 1.11. The business has a 50-day simple moving average of GBX 3,066.96 and a 200-day simple moving average of GBX 2,983.44. The company has a quick ratio of 1.74, a current ratio of 1.02 and a debt-to-equity ratio of 144.72. Whitbread has a 52-week low of GBX 2,723 ($34.52) and a 52-week high of GBX 3,714 ($47.08).

Whitbread Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, October 31st were issued a dividend of GBX 34.60 ($0.44) per share. This represents a yield of 1.13%. The ex-dividend date of this dividend was Thursday, October 31st. Whitbread’s dividend payout ratio (DPR) is 6,062.50%.

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.