Berenberg Bank Reiterates “Buy” Rating for Whitbread (LON:WTB)

Whitbread (LON:WTB)‘s stock had its “buy” rating restated by Berenberg Bank in a research note issued to investors on Thursday, MarketBeat.com reports. They presently have a GBX 4,000 ($51.93) price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 21.47% from the stock’s current price.

Several other brokerages have also recently commented on WTB. The Goldman Sachs Group cut shares of Whitbread to a “neutral” rating in a research report on Wednesday, September 18th. Jefferies Financial Group boosted their price target on Whitbread from GBX 39 ($0.51) to GBX 40 ($0.52) and gave the company a “buy” rating in a report on Tuesday, August 20th. Finally, Shore Capital restated a “buy” rating on shares of Whitbread in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 2,746.67 ($35.66).

Whitbread Stock Performance

LON:WTB opened at GBX 3,293 ($42.76) on Thursday. Whitbread has a 1-year low of GBX 2,723 ($35.35) and a 1-year high of GBX 3,714 ($48.22). The firm has a 50-day moving average of GBX 3,047.30 and a two-hundred day moving average of GBX 3,012.61. 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 cap of £5.88 billion, a P/E ratio of 2,058.13, a PEG ratio of -3.09 and a beta of 1.11.

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.