Whitbread (LON:WTB) Earns Buy Rating from Shore Capital

Shore Capital reiterated their buy rating on shares of Whitbread (LON:WTB) in a report published on Wednesday morning, Marketbeat Ratings reports.

A number of other brokerages have also recently issued reports on WTB. Jefferies Financial Group boosted their target price on shares of Whitbread from GBX 39 ($0.51) to GBX 40 ($0.52) and gave the company a “buy” rating in a report on Tuesday, August 20th. The Goldman Sachs Group cut shares of Whitbread to a “neutral” rating in a report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 4,200 ($54.84) target price on shares of Whitbread in a report on Tuesday, June 25th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,746.67 ($35.87).

Whitbread Stock Up 1.2 %

WTB opened at GBX 3,287 ($42.92) on Wednesday. Whitbread has a 12 month low of GBX 2,723 ($35.56) and a 12 month high of GBX 3,714 ($48.50). The company has a market cap of £5.87 billion, a PE ratio of 2,054.38, a price-to-earnings-growth ratio of -3.09 and a beta of 1.11. The company has a current ratio of 1.02, a quick ratio of 1.74 and a debt-to-equity ratio of 144.72. The company has a 50 day moving average of GBX 2,989.66 and a 200 day moving average of GBX 3,012.63.

Whitbread Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, October 31st will be issued a GBX 34.60 ($0.45) dividend. The ex-dividend date is Thursday, October 31st. This represents a dividend yield of 1.13%. Whitbread’s payout ratio is currently 6,062.50%.

About Whitbread

Whitbread plc operates hotels and restaurants in the United Kingdom, Germany, and internationally. It operates hotels with rooms in the United Kingdom; Middle East; and Germany under the Premier Inn, ZIP by Premier Inn, and hub by Premier Inn brands. The company operates restaurants under the Brewers Fayre, Beefeater, Cookhouse & Pub, Bar+Block Steakhouse, Thyme, and Table Table brands in the United Kingdom.