HSBC Lowers Whitbread (WTB) to Hold

HSBC cut shares of Whitbread (LON:WTB) to a hold rating in a research note released on Wednesday. HSBC currently has GBX 4,800 ($68.73) price objective on the stock.

A number of other analysts have also commented on WTB. Numis Securities reiterated a hold rating and set a GBX 4,300 ($61.57) price target on shares of Whitbread in a report on Monday, April 16th. Canaccord Genuity reiterated a buy rating and set a GBX 4,500 ($64.43) price target on shares of Whitbread in a report on Monday, April 16th. Stifel Nicolaus reiterated a buy rating and set a GBX 4,300 ($61.57) price target on shares of Whitbread in a report on Monday, April 16th. Deutsche Bank reiterated a buy rating on shares of Whitbread in a report on Monday, April 16th. Finally, Credit Suisse Group reiterated an outperform rating and set a GBX 4,950 ($70.88) price target on shares of Whitbread in a report on Monday, April 16th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of GBX 4,178.82 ($59.83).

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Shares of Whitbread stock opened at GBX 4,235 ($60.64) on Wednesday. Whitbread has a 12 month low of GBX 3,499.90 ($50.11) and a 12 month high of GBX 4,333 ($62.04).

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About Whitbread

Whitbread PLC operates hotels, restaurants, and coffee shops. The company operates through two segments, Premier Inn & Restaurants and Costa. 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.

Analyst Recommendations for Whitbread (LON:WTB)

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