Whitbread (LON:WTB) Stock Price Down 11.3% – Time to Sell?

by · The Cerbat Gem

Whitbread plc (LON:WTB – Get Free Report) was down 11.3% during trading on Saturday . The stock traded as low as GBX 2,490 and last traded at GBX 2,493.73. Approximately 2,620,126 shares traded hands during mid-day trading, an increase of 8% from the average daily volume of 2,415,451 shares. The stock had previously closed at GBX 2,812.

Analyst Ratings Changes

A number of brokerages recently commented on WTB. Citigroup upped their price objective on Whitbread from GBX 3,600 to GBX 3,800 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Shore Capital reissued a “buy” rating on shares of Whitbread in a research note on Thursday, October 16th. Panmure Gordon reissued a “buy” rating and set a GBX 3,700 target price on shares of Whitbread in a research note on Tuesday. Peel Hunt reissued a “buy” rating and issued a GBX 3,500 price target on shares of Whitbread in a research note on Thursday, October 16th. Finally, JPMorgan Chase & Co. increased their target price on Whitbread from GBX 2,800 to GBX 2,900 and gave the company a “neutral” rating in a report on Friday, October 17th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Whitbread presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,480.

Read Our Latest Stock Report on WTB

Whitbread Price Performance

The company has a market cap of £4.26 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of -3.09 and a beta of 1.11. The company has a current ratio of 0.96, a quick ratio of 1.74 and a debt-to-equity ratio of 33.18. The company has a fifty day moving average price of GBX 3,004.93 and a two-hundred day moving average price of GBX 2,997.14.

Whitbread (LON:WTB – Get Free Report) last released its quarterly earnings data on Thursday, October 16th. The company reported GBX 133.70 earnings per share (EPS) for the quarter. Whitbread had a return on equity of 6.83% and a net margin of 8.08%. As a group, equities research analysts anticipate that Whitbread plc will post 227.1851852 EPS for the current fiscal year.

Insider Activity at Whitbread

In other Whitbread news, insider Richard Gillingwater bought 500 shares of the stock in a transaction on Tuesday, October 21st. The stock was purchased at an average price of GBX 2,974 per share, with a total value of £14,870. Also, insider Christine Mary Hodgson acquired 10,000 shares of Whitbread stock in a transaction that occurred on Friday, October 17th. The shares were purchased at an average cost of GBX 2,880 per share, for a total transaction of £288,000. 0.38% of the stock is owned by insiders.

About Whitbread

(Get Free Report)

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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