Whitbread’s (WTB) Buy Rating Reaffirmed at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Whitbread (LON:WTB) in a research note released on Thursday morning, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 4,000 ($51.93) price target on the stock.

Several other analysts have also issued reports on WTB. Shore Capital restated a “buy” rating on shares of Whitbread in a research report on Wednesday, October 16th. The Goldman Sachs Group downgraded shares of Whitbread to a “neutral” rating in a report on Wednesday, September 18th. Finally, Jefferies Financial Group raised their price objective on shares of Whitbread from GBX 39 ($0.51) to GBX 40 ($0.52) and gave the stock a “buy” rating in a report on Tuesday, August 20th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Whitbread presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,746.67 ($35.66).

Whitbread Stock Performance

LON WTB opened at GBX 3,294.86 ($42.78) on Thursday. The company has a debt-to-equity ratio of 144.72, a current ratio of 1.02 and a quick ratio of 1.74. The firm has a market capitalization of £5.88 billion, a price-to-earnings ratio of 2,058.13, a P/E/G ratio of -3.09 and a beta of 1.11. The company’s fifty day moving average is GBX 3,047.30 and its two-hundred day moving average is GBX 3,009.24. Whitbread has a 52-week low of GBX 2,723 ($35.35) and a 52-week high of GBX 3,714 ($48.22).

Whitbread Cuts Dividend

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

Whitbread Company Profile

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.