Shore Capital Reiterates Buy Rating for Whitbread Shares

Shore Capital has reaffirmed its buy rating on shares of Whitbread (LON: WTB) in a research note released on October 16, 2023. This decision follows a series of assessments on the hospitality company’s stock, indicating a positive outlook amidst varied analyst opinions.

Analyst Ratings and Target Price Adjustments

Whitbread has recently been the subject of attention from several financial institutions. On July 9, 2023, Berenberg Bank lowered its target price for Whitbread shares from GBX 3,900 to GBX 3,500, while maintaining a “buy” rating. In contrast, on August 21, 2023, Citigroup raised its price target from GBX 3,600 to GBX 3,800, also assigning a “buy” rating.

Currently, four analysts have designated the stock with a buy rating, while one has classified it as a hold. According to MarketBeat.com, Whitbread enjoys a consensus rating of “Moderate Buy” and an average price target of GBX 3,425.

Whitbread’s Financial Performance

Whitbread’s latest quarterly earnings report, released on October 16, 2023, revealed earnings per share (EPS) of GBX 133.70. The company reported a return on equity of 6.83% and a net margin of 8.08%. Analysts anticipate that Whitbread will achieve an EPS of approximately 227 for the current fiscal year.

As the owner of Premier Inn, the UK’s largest hotel brand, Whitbread operates over 850 hotels with around 86,000 rooms. The company is also expanding its footprint in Germany, where it has established 59 hotels with 10,500 rooms. Whitbread employs more than 38,000 team members across its operations in the UK and Germany, emphasizing its commitment to quality accommodation at affordable prices.

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