Whitbread’s (WTB) Overweight Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their overweight rating on shares of Whitbread (LON:WTBFree Report) in a research note released on Tuesday morning, MarketBeat Ratings reports. They currently have a GBX 4,200 ($53.28) target price on the stock.

A number of other research firms have also weighed in on WTB. Shore Capital restated a buy rating on shares of Whitbread in a research note on Tuesday, June 18th. Jefferies Financial Group reissued a buy rating and issued a GBX 40 ($0.51) price objective on shares of Whitbread in a report on Wednesday, June 12th. Finally, Berenberg Bank decreased their price objective on Whitbread from GBX 4,200 ($53.28) to GBX 4,000 ($50.74) and set a buy rating for the company in a report on Wednesday, May 29th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Whitbread presently has a consensus rating of Buy and a consensus price target of GBX 3,122.50 ($39.61).

View Our Latest Stock Analysis on WTB

Whitbread Trading Down 0.7 %

LON WTB opened at GBX 2,962 ($37.57) on Tuesday. The company has a debt-to-equity ratio of 144.72, a current ratio of 1.02 and a quick ratio of 1.74. The stock has a market capitalization of £5.40 billion, a P/E ratio of 1,851.25, a PEG ratio of -3.09 and a beta of 1.08. The firm’s 50-day moving average is GBX 3,012.48 and its two-hundred day moving average is GBX 3,286.02. Whitbread has a 12 month low of GBX 2,848 ($36.13) and a 12 month high of GBX 3,714 ($47.11).

Whitbread Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, May 23rd will be issued 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 dividend yield of 2.06%. Whitbread’s dividend payout ratio (DPR) is currently 6,062.50%.

Insiders Place Their Bets

In other Whitbread news, insider Hemant Patel sold 5,476 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of GBX 2,958 ($37.52), for a total value of £161,980.08 ($205,480.25). In other news, insider Dame Karen Jones bought 900 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average price of GBX 3,004 ($38.11) per share, with a total value of £27,036 ($34,296.59). Also, insider Hemant Patel sold 5,476 shares of the business’s stock in a transaction dated 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). 3.99% of the stock is currently owned by company insiders.

Whitbread Company Profile

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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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Analyst Recommendations for Whitbread (LON:WTB)

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