Canaccord Genuity Cuts Whitbread (LON:WTB) Price Target to GBX 4,500

Whitbread (LON:WTB) had its price target decreased by Canaccord Genuity from GBX 4,850 ($63.37) to GBX 4,500 ($58.80) in a research report released on Thursday, Digital Look reports. Canaccord Genuity currently has a hold rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Kepler Capital Markets cut shares of Whitbread to a reduce rating in a research note on Monday, September 9th. Bernstein Bank upgraded shares of Whitbread to a market perform rating and decreased their target price for the stock from GBX 4,200 ($54.88) to GBX 4,000 ($52.27) in a research note on Thursday, October 24th. UBS Group upgraded shares of Whitbread to a buy rating and set a GBX 4,850 ($63.37) target price on the stock in a research note on Tuesday, October 15th. Royal Bank of Canada decreased their target price on shares of Whitbread from GBX 4,500 ($58.80) to GBX 3,800 ($49.65) and set an underperform rating on the stock in a research note on Thursday, October 10th. Finally, Barclays restated an equal weight rating on shares of Whitbread in a research note on Thursday, October 10th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. Whitbread currently has a consensus rating of Hold and an average price target of GBX 4,655.88 ($60.84).

Shares of WTB traded down GBX 45 ($0.59) on Thursday, reaching GBX 4,244 ($55.46). The company’s stock had a trading volume of 621,284 shares, compared to its average volume of 564,229. Whitbread has a 12-month low of GBX 3,927 ($51.31) and a 12-month high of GBX 5,162 ($67.45). The stock has a market capitalization of $5.67 billion and a P/E ratio of 2.02. The stock’s 50 day simple moving average is GBX 4,224.90 and its two-hundred day simple moving average is GBX 4,477.64. The company has a debt-to-equity ratio of 89.10, a current ratio of 1.63 and a quick ratio of 1.55.

The business also recently disclosed a dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 7th will be given a dividend of GBX 32.65 ($0.43) per share. This represents a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, November 7th. Whitbread’s payout ratio is currently 0.05%.

Whitbread Company Profile

Whitbread PLC operates hotels, restaurants, and coffee shops. The company operates through two segments, Premier Inn and Costa. It operates approximately 785 hotels with 72,466 rooms in the United Kingdom, as well as hotels under the Premier Inn brand name; hotels under the hub by Premier Inn brand name in the United Kingdom; and restaurants under the Brewers Fayre, Beefeater Grill, Bar+Block, and Table Table brands.

Further Reading: What is Considered a Good Return on Equity (ROE)?

Analyst Recommendations for Whitbread (LON:WTB)

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