Whitbread (LON:WTB) Upgraded to “Overweight” by JPMorgan Chase & Co.

Whitbread (LON:WTB) was upgraded by analysts at JPMorgan Chase & Co. to an “overweight” rating in a note issued to investors on Friday, September 14th. The brokerage presently has a GBX 5,500 ($71.64) price objective on the stock, up from their prior price objective of GBX 4,470 ($58.23). JPMorgan Chase & Co.’s price target points to a potential upside of 20.56% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Numis Securities reiterated an “under review” rating on shares of Whitbread in a report on Friday, August 31st. Shore Capital reiterated a “buy” rating on shares of Whitbread in a report on Friday, September 7th. Canaccord Genuity initiated coverage on shares of Whitbread in a report on Friday, September 7th. They issued a “buy” rating and a GBX 4,500 ($58.62) price objective for the company. UBS Group reiterated a “neutral” rating on shares of Whitbread in a report on Friday, August 31st. Finally, Barclays increased their price objective on shares of Whitbread from GBX 4,400 ($57.31) to GBX 5,100 ($66.43) and gave the company an “equal weight” rating in a report on Tuesday, September 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 4,565.88 ($59.47).

Whitbread stock traded down GBX 30 ($0.39) during midday trading on Friday, reaching GBX 4,562 ($59.42). The company had a trading volume of 587,582 shares, compared to its average volume of 564,229. Whitbread has a 12-month low of GBX 3,499.90 ($45.59) and a 12-month high of GBX 4,333 ($56.44).

Whitbread Company Profile

Whitbread PLC operates hotels, restaurants, and coffee shops. The company operates through two segments, Premier Inn and Costa. It operates approximately 785 hotels with 72,466 rooms in the United Kingdom, 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, Bar+Block, and Table Table brands.

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Analyst Recommendations for Whitbread (LON:WTB)

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