Whitbread PLC (LON:WTB) Falls out of Favor With Barclays Capital As They Decide to Downgrade It


Whitbread PLC (LON:WTB) Receives a Downgrade

Research analysts at Barclays Capital’s equities division cut the rating for shares of Whitbread PLC (LON:WTB) to a Equal weight on Friday, 4 December. Barclays Capital now has a PT of GBX 5200.00 on WTB or approximately 8.48% more upside.

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 4793.66) 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.

The stock increased 1.78% or GBX 83.66 on December 3, striking GBX 4793.66. Approximately shares of stock traded hands. Whitbread plc (LON:WTB) has declined 8.01% since May 7, 2015 and is downtrending. It has underperformed by 7.72% the S&P500.

 Whitbread PLC (LON:WTB) Falls out of Favor With Barclays Capital As They Decide to Downgrade It

Whitbread PLC is a United Kingdom-based hospitality company. The company has a market cap of 8.59 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.