Berenberg Bank Cuts Whitbread (LON:WTB) Price Target to GBX 3,900

Whitbread (LON:WTB) had its target price trimmed by Berenberg Bank from GBX 4,000 ($50.70) to GBX 3,900 ($49.44) in a research report sent to investors on Tuesday, MarketBeat.com reports. The brokerage currently has a buy rating on the stock.

Several other research analysts also recently weighed in on WTB. Shore Capital reiterated a “buy” rating on shares of Whitbread in a report on Wednesday, October 16th. The Goldman Sachs Group downgraded Whitbread to a “neutral” rating in a report on Wednesday, September 18th. Finally, Jefferies Financial Group boosted their price target on Whitbread from GBX 39 ($0.49) to GBX 40 ($0.51) and gave the company a “buy” rating in a report on Tuesday, August 20th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 2,713.33 ($34.39).

Whitbread Price Performance

WTB stock opened at GBX 2,951.10 ($37.41) on Tuesday. Whitbread has a 1 year low of GBX 2,723 ($34.52) and a 1 year high of GBX 3,714 ($47.08). The company has a debt-to-equity ratio of 144.72, a quick ratio of 1.74 and a current ratio of 1.02. The stock’s 50 day moving average price is GBX 3,066.96 and its 200 day moving average price is GBX 2,983.44. The firm has a market cap of £5.27 billion, a P/E ratio of 1,844.44, a PEG ratio of -3.09 and a beta of 1.11.

Whitbread Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, October 31st were given a dividend of GBX 34.60 ($0.44) per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a dividend yield of 1.13%. Whitbread’s payout ratio is 6,062.50%.

Whitbread Company Profile

Whitbread is the owner of Premier Inn, the UK’s biggest
hotel brand, with 86,000 rooms in over 850 hotels
and a growing presence in Germany with 10,500 rooms in
59 hotels, offering quality accommodation at affordable
prices in great locations.

People are at the heart of our business. We employ over
38,000 team members in over 900 Premier Inn hotels
across the UK and Germany.