Whitbread (LON:WTB) Trading Up 0% – What’s Next?

Whitbread plc (LON:WTB) was up 0% during trading on Tuesday . The stock traded as high as GBX 2,845.58 ($36.16) and last traded at GBX 2,815 ($35.77). Approximately 925,572 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 1,287,448 shares. The stock had previously closed at GBX 2,814 ($35.76).

Wall Street Analysts Forecast Growth

Several research analysts have commented on WTB shares. Shore Capital reaffirmed a “buy” rating on shares of Whitbread in a research report on Wednesday, October 16th. The Goldman Sachs Group downgraded Whitbread to a “neutral” rating in a research report on Wednesday, September 18th. Jefferies Financial Group lifted their price target on Whitbread from GBX 39 ($0.50) to GBX 40 ($0.51) and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 4,000 ($50.83) price target on shares of Whitbread in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,746.67 ($34.90).

Whitbread Price Performance

The company has a market cap of £5.32 billion, a price-to-earnings ratio of 1,795.19, a price-to-earnings-growth ratio of -3.09 and a beta of 1.11. The company has a fifty day moving average price of GBX 3,083.86 and a two-hundred day moving average price of GBX 2,988.42. The company has a current ratio of 1.02, a quick ratio of 1.74 and a debt-to-equity ratio of 144.72.

Whitbread Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, October 31st will be issued a dividend of GBX 34.60 ($0.44) per share. This represents a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, October 31st. Whitbread’s payout ratio is presently 6,062.50%.

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.