Will the Recent JP Morgan Cazenove Upgrade Help Whitbread PLC (LON:WTB) Shares This Week?

September 14, 2018 - By Megan Stone

Whitbread PLC (LON:WTB) Logo

Whitbread PLC (LON:WTB) Stock Upgrade

The equities rating of Whitbread PLC (LON:WTB) shares was raised by professional analysts at JP Morgan Cazenove to a respectable Overweight rating in a research report published on Friday morning. The firm JP Morgan Cazenove has a GBX 5500.00 target on the stock. JP Morgan Cazenove’s target indicates a possible upside of 17.80 %.

Whitbread PLC (LON:WTB) Ratings Coverage

Among 15 analysts covering Whitbread PLC (LON:WTB), 8 have Buy rating, 0 Sell and 7 Hold. Therefore 53% are positive. Whitbread PLC has GBX 47500 highest and GBX 3100 lowest target. GBX 4614.29’s average target is -1.51% below currents GBX 4685 stock price. Whitbread PLC had 40 analyst reports since March 29, 2018 according to SRatingsIntel. The stock has “Sell” rating by Citigroup on Thursday, April 26. As per Thursday, June 28, the company rating was maintained by Kepler Cheuvreux. On Monday, April 16 the stock rating was maintained by Stifel Nicolaus with “Buy”. Numis Securities maintained it with “Hold” rating and GBX 4300 target in Wednesday, April 25 report. On Friday, September 7 the stock rating was initiated by Canaccord Genuity with “Buy”. UBS maintained Whitbread PLC (LON:WTB) on Friday, August 31 with “Neutral” rating. The firm earned “Buy” rating on Thursday, June 21 by Deutsche Bank. The rating was maintained by Canaccord Genuity with “Buy” on Friday, August 31. The stock has “Neutral” rating by JP Morgan on Wednesday, June 27. Canaccord Genuity maintained the shares of WTB in report on Wednesday, April 25 with “Buy” rating.

The stock increased 0.99% or GBX 46 during the last trading session, reaching GBX 4685. About 492,477 shares traded. Whitbread PLC (LON:WTB) has 0.00% since September 14, 2017 and is . It has underperformed by 15.62% the S&P500.

Whitbread PLC operates hotels, restaurants, and coffee shops. The company has market cap of 8.57 billion GBP. The firm operates through two divisions, Premier Inn & Restaurants and Costa. It has a 19.59 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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