Whitbread (LON:WTB – Get Free Report) was downgraded by equities research analysts at JPMorgan Chase & Co. to a “neutral” rating in a note issued to investors on Friday, Marketbeat Ratings reports.
WTB has been the subject of a number of other research reports. Shore Capital reissued a “buy” rating on shares of Whitbread in a research note on Thursday, January 16th. Berenberg Bank cut their target price on shares of Whitbread from GBX 4,000 ($51.69) to GBX 3,900 ($50.39) and set a “buy” rating for the company in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Whitbread presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,713.33 ($35.06).
Whitbread Stock Down 0.7 %
Insider Transactions at Whitbread
In other Whitbread news, insider Kal Atwal purchased 1,130 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were purchased at an average cost of GBX 2,621 ($33.87) per share, for a total transaction of £29,617.30 ($38,270.19). Corporate insiders own 1.03% of the company’s stock.
Whitbread Company Profile
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.
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