Citigroup Inc. downgraded shares of Whitbread plc (LON:WTB) to a sell rating in a research report sent to investors on Tuesday. Citigroup Inc. currently has GBX 3,200 ($41.33) target price on the stock, down from their previous target price of GBX 4,800 ($61.99).
A number of other equities research analysts have also issued reports on WTB. J P Morgan Chase & Co restated a neutral rating and set a GBX 4,000 ($51.66) price target on shares of Whitbread plc in a report on Wednesday, May 17th. Deutsche Bank AG restated a buy rating on shares of Whitbread plc in a report on Tuesday, May 23rd. Barclays PLC boosted their price target on shares of Whitbread plc from GBX 3,875 ($50.05) to GBX 3,925 ($50.69) and gave the company an equal weight rating in a report on Thursday, May 25th. Goldman Sachs Group, Inc. (The) lowered shares of Whitbread plc to a sell rating and cut their price target for the company from GBX 4,000 ($51.66) to GBX 3,900 ($50.37) in a report on Friday, June 2nd. Finally, Morgan Stanley restated an overweight rating and set a GBX 4,700 ($60.70) price target on shares of Whitbread plc in a report on Thursday, June 8th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of GBX 4,138 ($53.44).
Shares of Whitbread plc (WTB) opened at 3675.00 on Tuesday. Whitbread plc has a 12 month low of GBX 3,365.00 and a 12 month high of GBX 4,333.00. The company’s 50-day moving average is GBX 3,804.42 and its 200-day moving average is GBX 3,951.01. The firm’s market cap is GBX 6.70 billion.
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About Whitbread plc
Whitbread PLC is a hospitality company. The Company operates hotels, coffee shops and restaurants. The Company operates in two segments: Hotels & Restaurants, and Costa. The Hotels & Restaurants segment provides services in relation to accommodation and food. The Costa segment consists of operations of its branded, owned and franchised coffee outlets.
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