Whitbread (LON:WTB) Hits New 1-Year Low – Here’s What Happened

Shares of Whitbread plc (LON:WTB) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 1,314 ($16.41) and last traded at GBX 2,848 ($35.56), with a volume of 1453487 shares. The stock had previously closed at GBX 2,872 ($35.86).

Analyst Ratings Changes

WTB has been the topic of several research analyst reports. Shore Capital reissued a “buy” rating on shares of Whitbread in a report on Thursday, January 16th. Berenberg Bank dropped their price target on shares of Whitbread from GBX 4,000 ($49.94) to GBX 3,900 ($48.70) and set a “buy” rating on the stock in a research note on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 2,713.33 ($33.88).

Whitbread Trading Down 0.9 %

The company has a 50 day simple moving average of GBX 2,916.04 and a 200 day simple moving average of GBX 2,970.53. The company has a market capitalization of £5.03 billion, a PE ratio of 1,762.50, a price-to-earnings-growth ratio of -3.09 and a beta of 1.11. The company has a debt-to-equity ratio of 144.72, a quick ratio of 1.74 and a current ratio of 1.02.

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.