Whitbread plc (LON:WTB)’s share price fell 0% during mid-day trading on Tuesday . The stock traded as low as GBX 3,688 ($48.51) and last traded at GBX 3,611 ($47.49). 507,438 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 706,952 shares. The stock had previously closed at GBX 3,611 ($47.49).
Several brokerages have issued reports on WTB. Barclays PLC reissued an “equal weight” rating and issued a GBX 3,800 ($49.98) price objective on shares of Whitbread plc in a research note on Thursday. HSBC Holdings plc reissued a “buy” rating and issued a GBX 4,800 ($63.13) price objective on shares of Whitbread plc in a research note on Tuesday, September 26th. Morgan Stanley cut shares of Whitbread plc to an “equal weight” rating and dropped their price objective for the company from GBX 4,700 ($61.82) to GBX 4,500 ($59.19) in a research note on Wednesday, October 25th. Beaufort Securities dropped their price objective on shares of Whitbread plc from GBX 3,600 ($47.35) to GBX 3,400 ($44.72) and set a “sell” rating on the stock in a research note on Tuesday, October 24th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 4,000 ($52.61) price objective on shares of Whitbread plc in a research note on Wednesday, October 25th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 4,122.44 ($54.22).
The business also recently disclosed a dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 9th will be paid a dividend of GBX 31.40 ($0.41) per share. This represents a dividend yield of 0.84%. The ex-dividend date is Thursday, November 9th.
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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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