Today JP Morgan Cazenove Reaffirms a “Overweight” Rating on Whitbread (LON:WTB) and a GBX 5660.00 Target Price


Whitbread (LON:WTB) Rating Reaffirmed

The financial firm has just set a target price per share of GBX 5660.00 on Whitbread (LON:WTB) shares. This is 18.11% from the close price. In recent note issued to clients and investors on Thursday, 3 December, JP Morgan Cazenove has reaffirmed their “Overweight” rating on shares of WTB.

From a total of 21 analysts covering Whitbread PLC (LON:WTB) stock, 12 rate it a ”Buy”, 3 a “Sell”, and 8 a ”Hold”. This means that 52% of the ratings are positive. The highest target price is GBX 6105 while the lowest target price is GBX 4100. The mean of all analyst targets is GBX 5362.62 with a 10.04% above today’s (GBX 4794) stock price. Whitbread PLC was the topic of 54 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Credit Suisse maintained shares on December 3 with “Outperform” rating. Numis Securities maintained shares with “Reduce” rating and GBX 4440 target share price in a report from a November 10. HSBC maintained WTB stock in a recent report from November 25 with “Buy” rating. Barclays Capital maintained the rating on November 3. Barclays Capital has a “Overweight” rating and a GBX 5800 price target on shares. Finally, Jefferies downgraded the stock to “Underperform” rating in a report issued on a November 11.

Approximately 467,198 shares of stock traded hands. Whitbread plc (LON:WTB) has declined 6.99% since May 6, 2015 and is downtrending. It has underperformed by 6.70% the S&P500.

Today JP Morgan Cazenove Reaffirms a

Whitbread PLC is a United Kingdom-based hospitality company. The company has a market cap of 8.75 billion GBP. The Firm operates hotels, coffee shops and restaurants. It has 23.23 P/E ratio. The Firm operates in two divisions: Hotels & Restaurants and Costa.