Whitbread (LON:WTB) Cut to Neutral at JPMorgan Chase & Co.

Whitbread (LON:WTB) was downgraded by equities researchers at JPMorgan Chase & Co. to a “neutral” rating in a research note issued on Friday,Digital Look reports.

A number of other research firms also recently issued reports on WTB. Shore Capital reissued a “buy” rating on shares of Whitbread in a research report on Thursday, January 16th. Berenberg Bank dropped their target price on shares of Whitbread from GBX 4,000 ($51.55) to GBX 3,900 ($50.26) and set a “buy” rating on the stock in a report on Tuesday, December 10th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Whitbread currently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,713.33 ($34.97).

Whitbread Stock Down 1.4 %

Shares of LON WTB opened at GBX 2,495 ($32.15) on Friday. The stock has a 50 day moving average price of GBX 2,805.35 and a 200 day moving average price of GBX 2,932.45. The firm has a market capitalization of £4.45 billion, a price-to-earnings ratio of 19.29, a PEG ratio of -3.09 and a beta of 1.11. Whitbread has a 52-week low of GBX 2,456 ($31.65) and a 52-week high of GBX 3,357 ($43.26). The company has a debt-to-equity ratio of 33.18, a quick ratio of 1.74 and a current ratio of 0.96.

Insider Buying and Selling at Whitbread

In other news, insider Kal Atwal bought 1,130 shares of Whitbread stock in a transaction on Thursday, February 20th. The stock was acquired at an average cost of GBX 2,621 ($33.78) per share, for a total transaction of £29,617.30 ($38,166.62). Insiders own 1.03% of the company’s stock.

Whitbread Company Profile

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.