Whitbread (LON:WTB) Shares Down 11.3% – What’s Next?

by · The Cerbat Gem

Whitbread plc (LON:WTB – Get Free Report) shares were down 11.3% on Saturday . The company traded as low as GBX 2,490 and last traded at GBX 2,493.73. Approximately 2,620,126 shares were traded during trading, an increase of 8% from the average daily volume of 2,415,451 shares. The stock had previously closed at GBX 2,812.

Wall Street Analysts Forecast Growth

WTB has been the topic of several analyst reports. Panmure Gordon reaffirmed a “buy” rating and set a GBX 3,700 price target on shares of Whitbread in a research note on Tuesday. Citigroup lifted their target price on Whitbread from GBX 3,600 to GBX 3,800 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Shore Capital reissued a “buy” rating on shares of Whitbread in a report on Thursday, October 16th. JPMorgan Chase & Co. raised their price objective on Whitbread from GBX 2,800 to GBX 2,900 and gave the company a “neutral” rating in a research note on Friday, October 17th. Finally, Peel Hunt restated a “buy” rating and set a GBX 3,500 price objective on shares of Whitbread in a report on Thursday, October 16th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 3,480.

View Our Latest Stock Report on WTB

Whitbread Trading Down 11.3%

The firm has a market cap of £4.26 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of -3.09 and a beta of 1.11. The business’s 50 day moving average price is GBX 3,004.93 and its 200-day moving average price is GBX 2,997.14. The company has a debt-to-equity ratio of 33.18, a quick ratio of 1.74 and a current ratio of 0.96.

Whitbread (LON:WTB – Get Free Report) last posted its quarterly earnings results on Thursday, October 16th. The company reported GBX 133.70 EPS for the quarter. Whitbread had a return on equity of 6.83% and a net margin of 8.08%. Equities analysts expect that Whitbread plc will post 227.1851852 EPS for the current year.

Insider Activity at Whitbread

In other news, insider Christine Mary Hodgson acquired 10,000 shares of Whitbread stock in a transaction that occurred on Friday, October 17th. The shares were purchased at an average cost of GBX 2,880 per share, for a total transaction of £288,000. Also, insider Richard Gillingwater acquired 500 shares of the firm’s stock in a transaction on Tuesday, October 21st. The stock was acquired at an average cost of GBX 2,974 per share, with a total value of £14,870. 0.38% of the stock is currently owned by company insiders.

About Whitbread

(Get Free Report)

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.

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