HSBC started coverage on shares of Whitbread plc (LON:WTB) in a research report released on Monday. The brokerage issued a buy rating and a GBX 4,800 ($62.66) price target on the stock.

Analyst Recommendations for Whitbread plc (LON:WTB)

Other research analysts also recently issued reports about the stock. Deutsche Bank AG reissued a buy rating and issued a GBX 4,665 ($60.89) price target on shares of Whitbread plc in a report on Thursday, July 14th. Beaufort Securities reissued a buy rating on shares of Whitbread plc in a report on Wednesday, June 22nd. Berenberg Bank reissued a buy rating and issued a GBX 5,000 ($65.27) price target on shares of Whitbread plc in a report on Wednesday, August 10th. Barclays PLC reissued an equal weight rating and issued a GBX 4,150 ($54.17) price target on shares of Whitbread plc in a report on Wednesday, June 15th. Finally, Kepler Capital Markets cut their price target on shares of Whitbread plc from GBX 4,200 ($54.82) to GBX 3,500 ($45.69) and set a hold rating for the company in a report on Wednesday, July 6th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company’s stock. Whitbread plc presently has an average rating of Hold and a consensus target price of GBX 4,510.79 ($58.88).

Shares of Whitbread plc (LON:WTB) opened at 4070.00 on Monday. The company has a 50 day moving average of GBX 4,055.91 and a 200 day moving average of GBX 3,921.47. Whitbread plc has a 52 week low of GBX 3,283.00 and a 52 week high of GBX 4,968.00. The company’s market cap is GBX 7.40 billion.

In related news, insider Cadbury ,Nicholas sold 12,138 shares of the business’s stock in a transaction dated Friday, July 1st. The shares were sold at an average price of GBX 3,501 ($45.70), for a total transaction of £424,951.38 ($554,694.40). Also, insider Smalley,Louise sold 470 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of GBX 3,962 ($51.72), for a total transaction of £18,621.40 ($24,306.75).

About Whitbread plc

Whitbread PLC is a United Kingdom-based hospitality company. The Company operates hotels, coffee shops and restaurants. The Company operates in two segments: Hotels & Restaurants and Costa. The Hotels & Restaurants segment provides services in relation to accommodation and food. The Costa segment generates income from the operation of its branded, owned and franchised coffee outlets.

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