Whitbread (LON:WTB) Downgraded by Royal Bank of Canada

Royal Bank of Canada lowered shares of Whitbread (LON:WTB) to an underperform rating in a research report sent to investors on Thursday morning, ThisIsMoney.Co.Uk reports.

Several other equities research analysts also recently issued reports on the stock. Barclays lifted their price target on shares of Black Knight from $56.00 to $66.00 and gave the stock an overweight rating in a research note on Thursday, May 2nd. UBS Group raised shares of to a neutral rating and lifted their price target for the stock from GBX 945 ($12.35) to GBX 2,060 ($26.92) in a research note on Thursday, June 20th. JPMorgan Chase & Co. dropped their price target on shares of Whitbread from GBX 5,400 ($70.56) to GBX 5,100 ($66.64) and set an overweight rating on the stock in a research note on Wednesday, May 1st. Morgan Stanley set a €37.50 ($43.60) price target on shares of Deutsche Post and gave the stock a buy rating in a research note on Thursday, April 11th. Finally, Goldman Sachs Group set a GBX 6,870 ($89.77) price target on shares of Reckitt Benckiser Group and gave the stock a neutral rating in a research note on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. Whitbread has an average rating of Hold and a consensus price target of GBX 5,000 ($65.33).

Shares of WTB stock opened at GBX 4,902 ($64.05) on Thursday. The company has a fifty day simple moving average of GBX 4,701.80. Whitbread has a 52 week low of GBX 3,870 ($50.57) and a 52 week high of GBX 5,162 ($67.45). The company has a debt-to-equity ratio of 13.31, a quick ratio of 5.77 and a current ratio of 5.90. The stock has a market cap of $8.52 billion and a P/E ratio of 2.41.

The company also recently declared a dividend, which was paid on Friday, July 5th. Investors of record on Thursday, May 30th were paid a dividend of GBX 67 ($0.88) per share. This is an increase from Whitbread’s previous dividend of $32.70. The ex-dividend date of this dividend was Thursday, May 30th. This represents a yield of 1.5%. Whitbread’s payout ratio is 0.05%.

In other Whitbread news, insider Nicholas Cadbury sold 2,166 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of GBX 4,619 ($60.36), for a total transaction of £100,047.54 ($130,729.83). Also, insider Louise Smalley sold 232 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of GBX 4,588 ($59.95), for a total transaction of £10,644.16 ($13,908.48). Insiders have sold a total of 15,063 shares of company stock worth $69,581,470 in the last ninety days.

About Whitbread

Whitbread PLC operates hotels, restaurants, and coffee shops. The company operates through two segments, Premier Inn and Costa. It operates approximately 785 hotels with 72,466 rooms in the United Kingdom, 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, Bar+Block, and Table Table brands.

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Analyst Recommendations for Whitbread (LON:WTB)

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