Whitbread (LON:WTB) Stock Price Down 11.3% – Should You Sell?

by · The Cerbat Gem

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WTB. Peel Hunt restated a “buy” rating and issued a GBX 3,500 target price on shares of Whitbread in a research note on Thursday, October 16th. Panmure Gordon reiterated a “buy” rating and issued a GBX 3,700 price objective on shares of Whitbread in a report on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of Whitbread from GBX 2,800 to GBX 2,900 and gave the company a “neutral” rating in a research report on Friday, October 17th. Shore Capital restated a “buy” rating on shares of Whitbread in a research note on Thursday, October 16th. Finally, Citigroup boosted their price target on Whitbread from GBX 3,600 to GBX 3,800 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Whitbread currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,480.

Get Our Latest Analysis on Whitbread

Whitbread Stock Down 11.3%

The stock has a market capitalization of £4.26 billion, a P/E ratio of 17.43, a P/E/G ratio of -3.09 and a beta of 1.11. The company has a current ratio of 0.96, a quick ratio of 1.74 and a debt-to-equity ratio of 33.18. The stock’s 50 day simple moving average is GBX 3,004.93 and its 200 day simple moving average is GBX 2,998.16.

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

Insider Activity at Whitbread

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

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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