Whitbread plc (LON:WTB – Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 2,600 ($33.04) and last traded at GBX 2,601 ($33.05), with a volume of 978628 shares changing hands. The stock had previously closed at GBX 2,667 ($33.89).
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the stock. Shore Capital restated a “buy” rating on shares of Whitbread in a research report on Thursday, January 16th. Berenberg Bank cut their price objective on Whitbread from GBX 4,000 ($50.83) to GBX 3,900 ($49.56) and set a “buy” rating for the company in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Whitbread currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,713.33 ($34.48).
Read Our Latest Analysis on Whitbread
Whitbread Stock Performance
Insider Transactions at Whitbread
In related news, insider Kal Atwal bought 1,130 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was acquired at an average cost of GBX 2,621 ($33.31) per share, with a total value of £29,617.30 ($37,637.95). Insiders own 1.03% of the company’s stock.
About Whitbread
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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