Whitbread (LON:WTB) Stock Price Up 0% – Here’s Why

Whitbread plc (LON:WTB) shares were up 0% on Tuesday . The stock traded as high as GBX 2,845.58 ($36.06) and last traded at GBX 2,815 ($35.67). Approximately 925,572 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 1,287,448 shares. The stock had previously closed at GBX 2,814 ($35.66).

Analyst Ratings Changes

A number of brokerages have recently issued reports on WTB. Shore Capital reiterated a “buy” rating on shares of Whitbread in a research report on Wednesday, October 16th. Jefferies Financial Group increased their price objective on Whitbread from GBX 39 ($0.49) to GBX 40 ($0.51) and gave the company a “buy” rating in a research report on Tuesday, August 20th. The Goldman Sachs Group cut Whitbread to a “neutral” rating in a research note on Wednesday, September 18th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 4,000 ($50.68) price target on shares of Whitbread in a research note on Thursday, October 24th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Whitbread has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,746.67 ($34.80).

Whitbread Trading Up 0.0 %

The business’s 50 day simple moving average is GBX 3,087.95 and its 200-day simple moving average is GBX 2,989.50. The company has a debt-to-equity ratio of 144.72, a current ratio of 1.02 and a quick ratio of 1.74. The stock has a market capitalization of £5.03 billion, a P/E ratio of 1,759.38, a PEG ratio of -3.09 and a beta of 1.11.

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 given a GBX 34.60 ($0.44) dividend. The ex-dividend date is Thursday, October 31st. This represents a dividend yield of 1.13%. Whitbread’s dividend payout ratio is currently 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.