JPMorgan Chase & Co. reissued their overweight rating on shares of Whitbread (LON:WTB – Free Report) in a report published on Tuesday, MarketBeat reports. The firm currently has a GBX 4,200 ($53.28) price target on the stock.
Other analysts also recently issued reports about the company. Shore Capital reiterated a buy rating on shares of Whitbread in a report on Tuesday, June 18th. Berenberg Bank decreased their price target on Whitbread from GBX 4,200 ($53.28) to GBX 4,000 ($50.74) and set a buy rating for the company in a report on Wednesday, May 29th. Finally, Jefferies Financial Group restated a buy rating and issued a GBX 40 ($0.51) target price on shares of Whitbread in a research note on Wednesday, June 12th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Whitbread has a consensus rating of Buy and a consensus target price of GBX 3,122.50 ($39.61).
Get Our Latest Stock Analysis on WTB
Whitbread Stock Performance
Whitbread Increases Dividend
The business also recently disclosed a dividend, which will be paid on Friday, July 5th. Stockholders of record on Thursday, May 23rd will be issued a dividend of GBX 62.90 ($0.80) per share. This is an increase from Whitbread’s previous dividend of $34.10. This represents a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, May 23rd. Whitbread’s payout ratio is currently 6,062.50%.
Insider Transactions at Whitbread
In other news, insider Hemant Patel sold 5,476 shares of Whitbread stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of GBX 2,958 ($37.52), for a total transaction of £161,980.08 ($205,480.25). In other news, insider Dame Karen Jones acquired 900 shares of the stock in a transaction dated Friday, May 3rd. The stock was purchased at an average cost of GBX 3,004 ($38.11) per share, with a total value of £27,036 ($34,296.59). Also, insider Hemant Patel sold 5,476 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of GBX 2,958 ($37.52), for a total transaction of £161,980.08 ($205,480.25). 3.99% of the stock is currently owned by insiders.
About Whitbread
Whitbread plc operates hotels and restaurants in the United Kingdom, Germany, and internationally. It operates hotels with rooms in the United Kingdom; Middle East; and Germany under the Premier Inn, ZIP by Premier Inn, and hub by Premier Inn brands. The company operates restaurants under the Brewers Fayre, Beefeater, Cookhouse & Pub, Bar+Block Steakhouse, Thyme, and Table Table brands in the United Kingdom.
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