Brokerages Set Whitbread plc (WTB) Price Target at $4,243.08

Whitbread plc (LON:WTB) has been assigned a consensus recommendation of “Hold” from the sixteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 4,243.08 ($59.49).

A number of research analysts recently issued reports on WTB shares. Deutsche Bank reiterated a “buy” rating on shares of Whitbread in a report on Friday, October 20th. Liberum Capital reiterated a “hold” rating and issued a GBX 4,150 ($58.19) price objective on shares of Whitbread in a report on Tuesday, October 24th. Numis Securities reiterated a “hold” rating and issued a GBX 4,100 ($57.49) price objective on shares of Whitbread in a report on Tuesday, October 24th. Beaufort Securities dropped their price objective on shares of Whitbread from GBX 3,600 ($50.48) to GBX 3,400 ($47.67) and set a “sell” rating for the company in a report on Tuesday, October 24th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 4,000 ($56.09) target price on shares of Whitbread in a research report on Wednesday, October 25th.

Shares of Whitbread (WTB) traded up GBX 34 ($0.48) during midday trading on Tuesday, reaching GBX 3,800 ($53.28). 188,553 shares of the company were exchanged, compared to its average volume of 578,981. The company has a market cap of $6,970.00 and a price-to-earnings ratio of 1,478.60. Whitbread has a 1-year low of GBX 3,499.90 ($49.07) and a 1-year high of GBX 4,333 ($60.75).

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About Whitbread

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.

Analyst Recommendations for Whitbread (LON:WTB)

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