Whitbread (LON:WTB) Downgraded to Neutral at The Goldman Sachs Group

Whitbread (LON:WTB) was downgraded by research analysts at The Goldman Sachs Group to a “neutral” rating in a report issued on Wednesday, Digital Look reports.

Several other equities analysts have also recently issued reports on the company. Berenberg Bank lowered their price objective on Whitbread from GBX 4,200 ($55.48) to GBX 4,000 ($52.84) and set a “buy” rating on the stock in a research report on Wednesday, May 29th. Shore Capital reaffirmed a “buy” rating on shares of Whitbread in a report on Tuesday, June 18th. Jefferies Financial Group lifted their price objective on Whitbread from GBX 39 ($0.52) to GBX 40 ($0.53) and gave the stock a “buy” rating in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 4,200 ($55.48) target price on shares of Whitbread in a research report on Tuesday, June 25th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Whitbread has a consensus rating of “Moderate Buy” and an average target price of GBX 2,746.67 ($36.28).

Whitbread Stock Down 1.1 %

Shares of LON:WTB traded down GBX 34 ($0.45) on Wednesday, hitting GBX 3,095 ($40.89). 884,993 shares of the company traded hands, compared to its average volume of 1,439,347. The company has a market cap of £5.53 billion, a PE ratio of 1,934.38, a PEG ratio of -3.09 and a beta of 1.11. The stock has a 50 day simple moving average of GBX 2,894.52 and a 200-day simple moving average of GBX 3,021.55. Whitbread has a 52 week low of GBX 2,723 ($35.97) and a 52 week high of GBX 3,714 ($49.06). The company has a quick ratio of 1.74, a current ratio of 1.02 and a debt-to-equity ratio of 144.72.

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.