Whitbread plc (LON:WTB – Get Free Report)’s share price hit a new 52-week low during trading on Friday . The company traded as low as GBX 3,031 ($37.73) and last traded at GBX 3,039 ($37.83), with a volume of 520005 shares. The stock had previously closed at GBX 3,085 ($38.40).
Analysts Set New Price Targets
Separately, Shore Capital reiterated a “buy” rating on shares of Whitbread in a report on Tuesday, March 5th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Whitbread currently has an average rating of “Buy” and a consensus price target of GBX 4,154 ($51.71).
Whitbread Stock Down 1.2 %
Insider Activity at Whitbread
In related news, insider Shelley Roberts purchased 417 shares of Whitbread stock in a transaction that occurred on Thursday, February 1st. The stock was purchased at an average cost of GBX 3,575 ($44.50) per share, with a total value of £14,907.75 ($18,558.14). Insiders own 3.97% of the company’s stock.
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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