Is Whitbread (LON:WTB) Finally Worth Your Time? What Does Canaccord Genuity Think?

September 7, 2018 - By Megan Stone

Whitbread PLC (LON:WTB) Logo

Why Has Canaccord Genuity Given Whitbread (LON:WTB) a GBX 4500.00 Price Target

Canaccord Genuity analyst has initiated coverage on Whitbread (LON:WTB) with a GBX 4500.00 TP and “Buy” rating. The TP suggests a potential downside of -3.66 % from firm’s current price.

Whitbread PLC (LON:WTB) Ratings Coverage

Among 15 analysts covering Whitbread PLC (LON:WTB), 7 have Buy rating, 0 Sell and 8 Hold. Therefore 47% are positive. Whitbread PLC has GBX 47500 highest and GBX 3100 lowest target. GBX 4490.71’s average target is -4.66% below currents GBX 4710 stock price. Whitbread PLC had 37 analyst reports since March 29, 2018 according to SRatingsIntel. Kepler Cheuvreux maintained the shares of WTB in report on Thursday, June 28 with “Hold” rating. The firm has “Outperform” rating given on Thursday, April 26 by Credit Suisse. The rating was upgraded by Citigroup to “Neutral” on Monday, September 3. As per Wednesday, April 25, the company rating was maintained by Numis Securities. Canaccord Genuity maintained the stock with “Buy” rating in Friday, August 31 report. On Monday, April 16 the stock rating was maintained by Deutsche Bank with “Buy”. The stock has “Equal Weight” rating by Barclays Capital on Thursday, June 7. The stock of Whitbread PLC (LON:WTB) earned “Buy” rating by Canaccord Genuity on Monday, April 16. The firm has “Hold” rating by Kepler Cheuvreux given on Monday, September 3. The stock of Whitbread PLC (LON:WTB) earned “Equal Weight” rating by Barclays Capital on Tuesday, August 21.

The stock increased 0.21% or GBX 10 during the last trading session, reaching GBX 4710. About 526,906 shares traded. Whitbread PLC (LON:WTB) has 0.00% since September 8, 2017 and is . It has underperformed by 12.57% the S&P500.

Whitbread PLC operates hotels, restaurants, and coffee shops. The company has market cap of 8.61 billion GBP. The firm operates through two divisions, Premier Inn & Restaurants and Costa. It has a 19.7 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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