JPMorgan Chase & Co. Boosts Whitbread (LON:WTB) Price Target to GBX 4,600

Whitbread (LON:WTB) had its price objective raised by JPMorgan Chase & Co. from GBX 4,400 ($55.06) to GBX 4,600 ($57.56) in a research note issued to investors on Wednesday, Marketbeat.com reports. They currently have an overweight rating on the stock.

WTB has been the subject of a number of other reports. Shore Capital reaffirmed a buy rating on shares of Whitbread in a research report on Thursday, June 8th. Numis Securities reaffirmed a buy rating and set a GBX 3,920 ($49.06) price objective on shares of Whitbread in a research report on Thursday, May 25th. Berenberg Bank reaffirmed a buy rating on shares of Whitbread in a research report on Friday, July 21st. Deutsche Bank Aktiengesellschaft reaffirmed a buy rating and set a GBX 4,000 ($50.06) price objective on shares of Whitbread in a research report on Tuesday, May 30th. Finally, Barclays reaffirmed an overweight rating and set a GBX 4,250 ($53.18) price objective on shares of Whitbread in a research report on Friday, September 8th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of Buy and a consensus target price of GBX 4,038.57 ($50.54).

Whitbread Trading Up 1.1 %

WTB stock opened at GBX 3,678 ($46.03) on Wednesday. The company has a debt-to-equity ratio of 120.44, a current ratio of 1.58 and a quick ratio of 1.74. The company has a fifty day moving average price of GBX 3,455.93 and a two-hundred day moving average price of GBX 3,274.54. Whitbread has a one year low of GBX 2,245.51 ($28.10) and a one year high of GBX 3,709 ($46.41). The stock has a market cap of £7.15 billion, a price-to-earnings ratio of 2,665.22, a price-to-earnings-growth ratio of -3.09 and a beta of 1.10.

Insider Activity at Whitbread

In related news, insider Dame Karen Jones purchased 900 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average price of GBX 3,471 ($43.44) per share, with a total value of £31,239 ($39,092.73). 3.66% of the stock is owned by insiders.

About Whitbread

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.