Whitbread (LON:WTB) had its target price reduced by Morgan Stanley from GBX 4,300 ($60.78) to GBX 4,200 ($59.36) in a research note issued to investors on Thursday, March 29th. They currently have an equal weight rating on the stock.
Several other brokerages have also recently issued reports on WTB. JPMorgan Chase reaffirmed a neutral rating and set a GBX 4,020 ($56.82) target price on shares of Whitbread in a research note on Friday, January 19th. Barclays reaffirmed an equal weight rating and set a GBX 3,920 ($55.41) target price on shares of Whitbread in a research note on Thursday, February 1st. Numis Securities reissued a hold rating and set a GBX 4,300 ($60.78) price target on shares of Whitbread in a research report on Monday, January 22nd. Liberum Capital reissued a hold rating and set a GBX 4,150 ($58.66) price target on shares of Whitbread in a research report on Wednesday, February 28th. Finally, Shore Capital reissued a buy rating on shares of Whitbread in a research report on Friday, January 19th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Whitbread presently has an average rating of Hold and a consensus price target of GBX 4,171.25 ($58.96).
Shares of LON:WTB traded up GBX 126 ($1.78) during trading on Thursday, hitting GBX 3,935 ($55.62). 1,026,670 shares of the stock traded hands, compared to its average volume of 564,229. Whitbread has a 52-week low of GBX 3,499.90 ($49.47) and a 52-week high of GBX 4,333 ($61.24).
ILLEGAL ACTIVITY NOTICE: “Morgan Stanley Trims Whitbread (WTB) Target Price to GBX 4,200” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://ledgergazette.com/2018/04/16/morgan-stanley-cuts-whitbread-wtb-price-target-to-gbx-4200.html.
Whitbread Company Profile
Whitbread PLC operates hotels, restaurants, and coffee shops. The company operates through two segments, Premier Inn & Restaurants and Costa. It operates approximately 760 hotels with 68,000 rooms in the United Kingdom, the Middle East, and Germany, 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, and Table Table brands.
Receive News & Ratings for Whitbread Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whitbread and related companies with MarketBeat.com's FREE daily email newsletter.