Whitbread plc’s (WTB) Buy Rating Reiterated at Canaccord Genuity
Whitbread plc (LON:WTB)‘s stock had its “buy” rating reissued by Canaccord Genuity in a note issued to investors on Wednesday. They currently have a GBX 4,500 ($55.82) price target on the stock. Canaccord Genuity’s target price suggests a potential upside of 29.24% from the stock’s current price.
A number of other equities analysts have also recently commented on WTB. Credit Suisse Group AG reissued a “neutral” rating and issued a GBX 4,030 ($49.99) price objective on shares of Whitbread plc in a research note on Wednesday. Kepler Capital Markets dropped their price objective on shares of Whitbread plc from GBX 3,500 ($43.42) to GBX 3,300 ($40.94) and set a “reduce” rating for the company in a research note on Wednesday. Davy Research reissued an “outperform” rating on shares of Whitbread plc in a research note on Tuesday, October 25th. Morgan Stanley reissued an “overweight” rating on shares of Whitbread plc in a research note on Wednesday, September 14th. Finally, HSBC began coverage on shares of Whitbread plc in a research note on Monday, September 19th. They issued a “buy” rating and a GBX 4,800 ($59.55) price objective for the company. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. Whitbread plc currently has a consensus rating of “Hold” and an average price target of GBX 4,391 ($54.47).
Shares of Whitbread plc (LON:WTB) opened at 3448.6782 on Wednesday. Whitbread plc has a one year low of GBX 3,283.00 and a one year high of GBX 4,826.00. The firm has a 50-day moving average of GBX 3,633.25 and a 200-day moving average of GBX 3,873.57. The stock’s market cap is GBX 6.28 billion.
The company also recently disclosed a dividend, which will be paid on Friday, December 16th. Stockholders of record on Thursday, November 10th will be given a GBX 29.90 ($0.37) dividend. This represents a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, November 10th.
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Whitbread plc Company Profile
Whitbread PLC is a 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 consists of operations of its branded, owned and franchised coffee outlets.
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