Whitbread plc (LON:WTB – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,977.32 ($36.99) and traded as high as GBX 3,019 ($37.50). Whitbread shares last traded at GBX 2,931 ($36.41), with a volume of 286,046 shares changing hands.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the company. The Goldman Sachs Group cut Whitbread to a “neutral” rating in a report on Wednesday, September 18th. Shore Capital restated a “buy” rating on shares of Whitbread in a report on Wednesday, October 16th. Finally, Berenberg Bank cut their price objective on shares of Whitbread from GBX 4,000 ($49.69) to GBX 3,900 ($48.45) and set a “buy” rating for the company in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Whitbread presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,713.33 ($33.71).
Read Our Latest Research Report on Whitbread
Whitbread Stock Down 2.4 %
Whitbread Cuts Dividend
The company also recently declared a dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, October 31st were given a dividend of GBX 34.60 ($0.43) per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a yield of 1.13%. Whitbread’s payout ratio is currently 6,062.50%.
About Whitbread
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.
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