Whitbread (LON:WTB) Sets New 12-Month Low – Here’s What Happened

Whitbread plc (LON:WTB)’s share price reached a new 52-week low on Monday . The company traded as low as GBX 2,431 ($31.43) and last traded at GBX 2,433 ($31.45), with a volume of 485295 shares trading hands. The stock had previously closed at GBX 2,486 ($32.14).

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WTB. Berenberg Bank cut their price objective on Whitbread from GBX 4,000 ($51.71) to GBX 3,900 ($50.42) and set a “buy” rating for the company in a research report on Tuesday, December 10th. JPMorgan Chase & Co. cut shares of Whitbread to a “neutral” rating in a research note on Friday, March 7th. Finally, Shore Capital restated a “buy” rating on shares of Whitbread in a research report on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Whitbread currently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,713.33 ($35.08).

Whitbread Stock Up 0.0 %

The firm has a market cap of £4.39 billion, a price-to-earnings ratio of 19.02, a P/E/G ratio of -3.09 and a beta of 1.11. The firm has a 50 day moving average price of GBX 2,656.76 and a 200-day moving average price of GBX 2,893.82. The company has a current ratio of 0.96, a quick ratio of 1.74 and a debt-to-equity ratio of 33.18.

Insider Activity

In related news, insider Kal Atwal acquired 1,130 shares of Whitbread stock in a transaction dated Thursday, February 20th. The shares were acquired at an average cost of GBX 2,621 ($33.88) per share, for a total transaction of £29,617.30 ($38,289.98). Company insiders own 1.03% of the company’s stock.

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.