Is Whitbread (LON:WTB) Now a Sell? HSBC Downgrades Stock

April 19, 2018 - By Vivian Park

Whitbread PLC (LON:WTB) Logo

Whitbread (LON:WTB) Receives a Downgrade

HSBC decreased their rating for shares of Whitbread (LON:WTB) to a “Hold” in a note sent to investors and clients on Wednesday, 18 April. The financial firm after the upgrade has a firm GBX 4800.00 target price on Whitbread (LON:WTB).

Whitbread PLC (LON:WTB) Ratings Coverage

Among 13 analysts covering Whitbread PLC (LON:WTB), 7 have Buy rating, 1 Sell and 5 Hold. Therefore 54% are positive. Whitbread PLC has GBX 4950 highest and GBX 3200 lowest target. GBX 4295’s average target is 2.95% above currents GBX 4172 stock price. Whitbread PLC had 39 analyst reports since October 20, 2017 according to SRatingsIntel. Citigroup maintained the stock with “Sell” rating in Monday, December 18 report. The stock of Whitbread PLC (LON:WTB) has “Buy” rating given on Monday, April 16 by Deutsche Bank. On Wednesday, January 3 the stock rating was maintained by Barclays Capital with “Equal Weight”. The stock has “Hold” rating by Numis Securities on Monday, January 22. The company was maintained on Thursday, February 22 by Barclays Capital. The firm has “Buy” rating by Deutsche Bank given on Thursday, March 1. The rating was maintained by JP Morgan with “Neutral” on Friday, January 19. As per Thursday, March 29, the company rating was maintained by Barclays Capital. Shore Capital maintained the shares of WTB in report on Thursday, March 1 with “Buy” rating. Barclays Capital maintained the stock with “Equal Weight” rating in Thursday, December 7 report.

The stock increased 0.53% or GBX 22 during the last trading session, reaching GBX 4172. About 77,121 shares traded. Whitbread PLC (LON:WTB) has 0.00% since April 19, 2017 and is . It has underperformed by 11.55% the S&P500.

Whitbread PLC operates hotels, restaurants, and coffee shops. The company has market cap of 7.66 billion GBP. The firm operates through two divisions, Premier Inn & Restaurants and Costa. It has a 16.23 P/E ratio. It operates approximately 760 hotels with 68,000 rooms in the United Kingdom, the Middle East, and Germany, 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, and Table Table brands.

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