Whitbread (LON:WTB) Reaches New 52-Week Low – Here’s What Happened

Whitbread plc (LON:WTB) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 1,314 ($16.18) and last traded at GBX 2,848 ($35.06), with a volume of 1453487 shares. The stock had previously closed at GBX 2,872 ($35.36).

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Berenberg Bank reduced their price objective on Whitbread from GBX 4,000 ($49.24) to GBX 3,900 ($48.01) and set a “buy” rating on the stock in a research note on Tuesday, December 10th. Shore Capital reissued a “buy” rating on shares of Whitbread in a research report on Thursday, January 16th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Whitbread has an average rating of “Moderate Buy” and an average target price of GBX 2,713.33 ($33.40).

Whitbread Price Performance

The stock’s 50-day simple moving average is GBX 2,924.54 and its two-hundred day simple moving average is GBX 2,972.42. The company has a market capitalization of £5.09 billion, a price-to-earnings ratio of 1,782.31, a PEG ratio of -3.09 and a beta of 1.11. The company has a quick ratio of 1.74, a current ratio of 1.02 and a debt-to-equity ratio of 144.72.

About Whitbread

Whitbread is the owner of Premier Inn, the UK’s biggest
hotel brand, with 86,000 rooms in over 850 hotels
and a growing presence in Germany with 10,500 rooms in
59 hotels, offering quality accommodation at affordable
prices in great locations.

People are at the heart of our business. We employ over
38,000 team members in over 900 Premier Inn hotels
across the UK and Germany.