Whitbread (LON:WTB) Receives “Buy” Rating from Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Whitbread (LON:WTB) in a research note issued to investors on Thursday, Digital Look reports. Berenberg Bank currently has a GBX 4,000 ($51.93) price objective on the stock.

Several other equities analysts also recently issued reports on the company. Shore Capital reiterated a “buy” rating on shares of Whitbread in a research report on Wednesday, October 16th. Jefferies Financial Group lifted their target price on Whitbread from GBX 39 ($0.51) to GBX 40 ($0.52) and gave the company a “buy” rating in a research note on Tuesday, August 20th. Finally, The Goldman Sachs Group downgraded Whitbread to a “neutral” rating in a research report on Wednesday, September 18th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,746.67 ($35.66).

Whitbread Price Performance

Whitbread stock traded down GBX 53 ($0.69) during mid-day trading on Thursday, hitting GBX 3,282 ($42.61). 1,451,243 shares of the company were exchanged, compared to its average volume of 1,343,753. The company has a market capitalization of £5.86 billion, a PE ratio of 2,050.63, a price-to-earnings-growth ratio of -3.09 and a beta of 1.11. The business has a fifty day moving average of GBX 3,037.72 and a 200 day moving average of GBX 3,012.67. Whitbread has a 1-year low of GBX 2,723 ($35.35) and a 1-year high of GBX 3,714 ($48.22). The company has a quick ratio of 1.74, a current ratio of 1.02 and a debt-to-equity ratio of 144.72.

Whitbread Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, October 31st will be paid a GBX 34.60 ($0.45) dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a dividend yield of 1.13%. Whitbread’s dividend payout ratio (DPR) is presently 6,062.50%.

About Whitbread

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.