JPMorgan Chase & Co. reiterated their overweight rating on shares of Whitbread (LON:WTB – Free Report) in a research note released on Tuesday, MarketBeat Ratings reports. They currently have a GBX 4,200 ($53.28) price objective on the stock.
Several other equities analysts have also recently weighed in on the company. Shore Capital reissued a buy rating on shares of Whitbread in a research report on Tuesday, June 18th. Jefferies Financial Group reiterated a buy rating and issued a GBX 40 ($0.51) price objective on shares of Whitbread in a research note on Wednesday, June 12th. Finally, Berenberg Bank lowered their price objective on Whitbread from GBX 4,200 ($53.28) to GBX 4,000 ($50.74) and set a buy rating on the stock in a research note on Wednesday, May 29th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of Buy and an average price target of GBX 3,122.50 ($39.61).
Check Out Our Latest Research Report on Whitbread
Whitbread Stock Performance
Whitbread Increases Dividend
The business also recently disclosed a dividend, which will be paid on Friday, July 5th. Shareholders of record on Thursday, May 23rd will be given a dividend of GBX 62.90 ($0.80) per share. The ex-dividend date of this dividend is Thursday, May 23rd. This is an increase from Whitbread’s previous dividend of $34.10. This represents a yield of 2.06%. Whitbread’s dividend payout ratio (DPR) is 6,062.50%.
Insider Activity
In related news, insider Hemant Patel sold 5,476 shares of Whitbread stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of GBX 2,958 ($37.52), for a total value of £161,980.08 ($205,480.25). In other Whitbread news, insider Hemant Patel sold 5,476 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of GBX 2,958 ($37.52), for a total transaction of £161,980.08 ($205,480.25). Also, insider Dame Karen Jones acquired 900 shares of Whitbread stock in a transaction that occurred on Friday, May 3rd. The stock was acquired at an average cost of GBX 3,004 ($38.11) per share, for a total transaction of £27,036 ($34,296.59). 3.99% of the stock is owned by company insiders.
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.
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